Lee Gonie Comment On Regulatory Notice 22-08
We are more component to take care of our financial business because our government has proven that it is irresponsible for anything.
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We are more component to take care of our financial business because our government has proven that it is irresponsible for anything.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on Me.
I am tired of government over reach. It is my money and my decision on how to invest it.
I am fully capable of managing my own money and my investment risk. Stay out.
Allowing investors to purchase leveraged ETFs, in actuality, reduces their personal liability. The alternative is for higher interest and personally guaranteed margin loans. Additionally, margin loans lead to forced selling when prices fall - which can cause panics all by themselves.
I use leveraged funds as part of my investment strategies. People with brokerage accounts take personal responsibility in handling there investments. Stop limiting freedom. Stop limiting my ability to invest.
Freedom to invest in public securities is individual choice. This freedom should not be taken from investers.
Regulators need to stay [REDACTED] away from restricting my ability to make my own investing decisions, including leveraged shares. We arent children. Grow up. This is a free market not communist China. Go deal with repeat securities offenders like Musk if you need something to do.
I am opposed to this form of oversight.
To whom it may concern,
I am very opposed to regulations regarding my ability to invest in public investments, such as leverage and inverse funds. I am a long term investor and am fully capable of evaluating risk and do not need anyone protecting me from myself. This is classic paternalistic thinking and will increase bureaucracy and cost, and harm the ability of individual investors to have a long term, diversified portfolio. I appreciate your consideration.
I do not want government intruding on my ability to invest in leveraged funds.