Peter Gavrilovich Comment On Regulatory Notice 22-08
Keep your hands off my money and investment options! All regulation of retail investors are infringments upon my 'pursuit of happiness'. Please! No more. Thank you.
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Keep your hands off my money and investment options! All regulation of retail investors are infringments upon my 'pursuit of happiness'. Please! No more. Thank you.
If I am capable of putting myself into 6 figures of debt to pursue a degree at 18 years old, I am capable of investing my own money and understanding the complexities of investing.
I have been investing for myself and my family for years and use leveraged and inverse funds as part of an overall portfolio strategy. These types of funds should be available to the general public without any additional onerous rules to use them. Hedging strategies are important to use in certain circumstances and they should not only be available to the privileged few.
I oppose restrictions to my right to invest.
Investors shouldn't have to go through any special process like passing a test before they can invest in public securities, including "complex products". The disclosure-based system currently in place provides adequate protections.
All definitions and language in regulations should be clear, precise and limiting. Wording that is broad, arbitrary or vague empowers bureaucrats; it does not protect investors.
Please don't take this SQQQ vehicle away at this time. I've been in it for the whole bull market and now that it's a bear market I'm finally getting my money back.
As a life-long investor and a former registered representative with a Series 7 license, I learned that each person's investment strategy is unique to their current, as well as future, needs. Also, each individual's net worth may require hedging strategies that only leveraged and inverse funds can provide. To restrict access to these investment products means that regulators know the reasons each person's investment portfolio uses leveraged and inverse funds, and assumes these reasons are somehow counterproductive and/or unsuitable.
I think imposing restrictions on exchange traded funds is a bad idea. I don't like the idea that I should have to jump through hoops to put a few bucks into an ETF. I guess if you do this it might pay to start sticking my money under the mattress.
I am strongly opposed to further regulation limiting access to ETFs that are inverse/leveraged. These give a way to protect my Retirement funds in case of extreme reversals. I am just an average retiree that prefers a way to protect my IRA that took years to build.
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'm full capable to understand leveraged and inverse funds and their risks. I do not need these measures imposed on me.