Curt Collins Comment On Regulatory Notice 22-08
Rules of leverage and options should not be changed at this time for qualified investors.
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Rules of leverage and options should not be changed at this time for qualified investors.
Leave things alone!
Any investment firm 401 k mutual fund, insurance investment fund, union retirement funds or private citizens should not have ANY RESTRICTIONS ON INVESTMENT CHIOCES THAT WILL PRODUCE THE BEST RETURN FOR INVESTMENT DOLLARS . NO RESTRICTIONS FREE OF CHOICE TO BULID PESRSONAL WEATH SHOULD NEVER BE RESTRICTIED.
I want to state me displeasure at your attempt to limit my investing in leveraged or inverse funds. I know the risks involved in this type of investment. One of the risks was not the government stepping in and potentially making my current investments plummet in value.
There would be so many rules involved I would have an extremely tough time selling my shares, plus I want to leave open the chance to repurchase in the future.
It has come to my attention that FINRA issued a notice on 8 March 2022 regarding certain securities with simple inverse or leveraged price movements.
We should have not limit on investments!!!!!!!
Sincerely,
Christy Hendrick
This proposed rule directly interferes with an alternative and preferred way to invest in cryptocurrency funds, as opposed to directly acquiring the specific cryptocurrency itself.
It is inexplicable to me that a straight forward currency-based fund could be deemed "complex", and as such my ability to freely invest in it could become very limited or completely eliminated.
I have never met anyone who thinks investing has no risk. People are by nature very protective of their assets, so give them credit for knowing how to manage risk. My broker already makes me read a disclaimer regarding risky or complex securities every time i seek to trade one. Placing restrictions "protecting" retail investors and traders from themselves inhibits them from the same benefits that institutions enjoy.
The money I invest is my money, not the government. The investment is small and is in a separate asset class from stocks, bonds, ETF's etc. This thinly disguised attempt to take over the banking system, making everything requiring permission, will not be obeyed.
I as a tax paying citizen not regulators should be able to choose the public investments that are right for myself and my family. Public investments should be available to all of the public, not just the privileged. The people shouldn't have to go through any special process like passing a test before they can invest in public securities, including cryptocurrency funds such as BITO.I have an iq of 68 and am perfectly capable of understanding cryptocurrency funds such as BITOand their risks as well as the potential gains that you wish privatize for the privileged few