Scott Tice Comment On Regulatory Notice 22-08
Let me decide if I want to invest my hard earned money in the things that I want to invest in. It's my choice if I want to invest in Cryptocurrencies.
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Let me decide if I want to invest my hard earned money in the things that I want to invest in. It's my choice if I want to invest in Cryptocurrencies.
I'm writing to let you know that I find it unconscionable that you would pass rules that prevent the public from making their own investment choices. There is no reason that those who have more money would have a right to invest in things that others would not. This sounds like a set up to make the rich, richer and the poor poorer. I and others are capable of working out the risks and advantages of investments with my broker and my own research. I don't need FINRA to do it for me. Imposing rules like this only hurts the public.
Please let everyone the opportunity to invest without being wealthy.
I oppose any limits on my ability to buy Funds from ProShares.
I do not want FINRA to institute regulations that would restrict the buying and selling of "complex products". I have been using products such as leveraged and inverse funds for over 12 years; I find them very useful in my investing efforts. The funds I use function as advertised, so I know what to expect and my expectations have been consistently met.
Sincerely
I understand the risk and have enough experience in trading leveraged products
Please do NOT take away my ability to trade the leveraged ETFs.
They can easily be used to control risk as well as to take risk. They are not difficult to understand. In fact they are easier to understand than many other types of investments,
I should be able to make investment decisions for myself and my family, you should not dictate what I can and cannot do. There are so many things happening this country requiring your input and your regulation - but certainly not this. Please put your efforts into actually helping America to be the country it was meant to be. This is certainly not it.
"Normal" investors should be able to continue investing in leveraged and inverse funds. There ae already warnings in place for most (all?) trading platforms warning of the risks. That should be the extent of the regulation (continuing to place a warning when placing trades in such funds).
Changing the regulation has the potential to significantly harm current investors if they have to divest of the funds when in a loss position.
Dear Regulators, (FINRA)
I understand my investments and the risk involved in my trads. I should not have to go through any special process before investing in public securities. The fund I am in allows trades for up markets and down markets which allows me to make up my loss if any by shorting different funds. Like today's market, I have been able to make money for my IRA instead of losing 10-20 or 30%. Thank you for your attention in this matter.