Patricia Carr Comment On Regulatory Notice 22-08
I oppose the imposition of the new financial regulations as unnecessary.
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I oppose the imposition of the new financial regulations as unnecessary.
Often with good intentions, restrictions like this do more harm than good. Adding layers of uncertainty, complexity and bureaucracy increases costs to all investors. As long as an explanation of an investment's methodology and risks are made before purchase, any one should be able to determine suitability for themselves.
If I may quote Greta , " How date you "
I OPPOSE restrictions on my right to invest in public investments.
It is my money and therefore my choice on how to spend my money. If I wish to invest it, donate it, or spend it on frivolous things, so be it. The government has no right to dictate or "protect me" on my investment choices.
I am a personal investor and self investing for many years. I am using leveraged funds to increase my returns in a responsible way in times of stocks surge - investing a small amount of my total funds, and hedging the investments to prevent colossal losses.
Leveraged funds already send out learning material and warnings to customers investing in those funds.
Limiting these investments to the only the rich is unfair and unethical. Everyone should be able to access these investment channels. the solution is education, not prevention.
I strongly oppose restrictions to my right to invest in public securities, specifically leveraged and inverse funds. Taking away retail investor rights and limiting access to these funds by imposing special processes or limitations only serves to further widen the gap between wealthy individuals and the average hard-working American public. These funds allow retail investors to hedge investments in times of volatility, and removing this ability only further skews the entire stock market in favor of large institutions such as hedge funds and large pool, non-retail market makers.
I am opposed to new restrictions being considered to make it more difficult for the average investor to purchase liquid leveraged products on the NASDAQ and NYSE.
As an average american, i find it difficult to keep up with the wealthy who seem to have a much easier time creating and growing their wealth. I have been trading leveraged products for over a dozen years and sometimes i am correct, sometimes i am incorrect, but i feel i deserve the opportunity to continue. I do this as an alternative to margin which is much riskier and wiped me out 20 years ago.
I have owned ProShares for many years and would like to continue to use them as an investment vehicle. I understand the inherent risks in these products, but they also serve an important hedge in the overall investment portfolio. Please do not restrict access to these products.
My accounts nobody but me can regulate them
I would like to oppose limitations on my ability to buy funds.