Frank Mitchell Comment On Regulatory Notice 22-08
I would like less regulations on my crypto.
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I would like less regulations on my crypto.
I oppose restrictions to my right to invest in Proshares. Investing in any stocks should be allowed to for our future ,with Inverse funds to invest for the public levels the playing field. If you all wanted to get rid of our oppertunity to invest in Proshares, you should of placed restrictions on them in 2008 when you all new the market would be going up for 14 years and Proshares were going down. Now that the market is shifting to the downside you want to place restrictions on them, how unfair that would be to all of us.
How about you guys make sure everyone is square about ethics and close politicians loopholes first. Nancy Pelosi and her husband are better investors than Warren Buffet. Having over 60% returns where Warren has never gotten over 20%. You think that has something to do with their access to inside information?
Why are we being closed off from investing? Who gets to invest then? Should be open to everyone or noone. What you should regulate is foreign investors on our shores.
I can make the decisions about my investments rather than authorities. Also, no tests should be applied to invest in leveraged etc. investments, either!! Its the invest-ors responsibility!!
George McCleskey IV
LEVERAGED ETFs AND INVERSE FUNDS ARE ONE OF THE FEW WAYS AN INDIVIDUAL INVESTOR CAN OUTPERFORM THE MARKET (WITH RISKS TAKEN INTO CONSIDERATION. SOME HAVE BEEN AVAILABLE FOR A DECADE OR SO. YOU ALLOW INDIVESTOR TO USE LEVERAGED INVESTMENTS WITH OPTIONS USING "PUTS" AND "CALL" OPTIONS. THIS HAS BEEN GOING ON FOR DECADES. WHYNOT TRY TO RESTRICT THEM? AND WHY NOW??
Although only a small portion of my investment these options are important and should not be subject to increasing regulation. Although trending in today's society, regulating personal freedom is not needed and represents yet another overstep.
STOP CORRUPTION
Keep your corrupt governments greedy hands out if! A free market means free.
Once again, when the democracts take power all they want to do is take away trading options for the guy. I don't have a pension like you people, us out here have to save and invest to secure our retirements. Now you want to stop the little guy from trading complex products - Proshares. I am currently using these to offset the losses from the market sell offs. Otherwise I have sit back and watch my accounts lose money. Stop taking away are only means of trying to get retirement money.
The fact that members of Congress are able to make investments that are not available to ordinary citizens should be absolutely illegal! Investors should not be barred from legitimate opportunities... PERIOD!!!