Jerry Burrier Comment On Regulatory Notice 22-08
keep your big nose out of peoples business
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keep your big nose out of peoples business
I strongly disagree with any government or regulator-imposed restrictions regarding investment in inverse and levered ETFs. These are a key part of my investment strategy, especially in my 401(k) account where I am unable to hedge and take a short position in securities and am unable to purchase (be long) options.
I am writing to protest the planned FINRA regulatory notice #22-08 that would restrict my right to invest in leveraged and/or inverse ETF products. These types of investment products are not for everyone but they do serve an important role in hedging and investment strategies for experienced investors who understand and can managed the inherent risks. Furthermore, banning these investment products would unjustly devalue the private property of investors who currently hold these types of products in their portfolios.
FINRA : I am telling you I oppose limitations on my ability to buy the Funds.
I should have the right to invest as I choose. I invest in many different assets, from high risk (options) to low risk (farm land). Again, my investments should be my choice & should not have restrictions.
Thank you for allowing freedom of choice.
I dont understand why anyone would make it hard and try to regulate or boycott any individual, no matter how much knowledge they may have, or how much capital they feel like investing. It feels like they are trying to take even more rights away from people in order to keep people in financial categories. Its our human rights and natural nature to want more of anything that we have or aquire.
Leveraged , inverse, and other complex strategies are an important part of my investment profile. They allow me to be precise in the risk and asset class of my choosing compared to corporate equities which in fact encapsulated many more risks.
Alll investment of public workers in goverment should be made public.How bout that?
Myself not regulators should be able to choose the public investments that are right for me and your family. Public investments should be available to all of the public not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities. I am capable of understanding my investments and their risks. I do not need these measures imposed on you.
I have been investing for over 20 years, mainly in common stocks but sometimes in so-called “complex products” like futures, options, leveraged and inverse ETPs, etc. I use them when I believe they are suitable tools for the market situation at that moment. I don’t mean that I always make right investment decisions but, as a retail investor, I find that it is very important for me to have the right investment tools available in the market. In US, many investment tools are reserved for professional and institution investors.