Bernard Ashkenaze Comment On Regulatory Notice 22-08
I oppose restrictions to my right to invest. Don't protect only big investors & institutions. Stand up for little guy as well as big. We're most of Americans. And VOTERS.
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I oppose restrictions to my right to invest. Don't protect only big investors & institutions. Stand up for little guy as well as big. We're most of Americans. And VOTERS.
Just leave people alone. Many dont want or need your help. Just leave us alone.
Regulation of these critical investment tools is wrong. Okay to buy long only equity index etfs and leveraged long etfs but not inverse etfs or leveraged inverse etfs ? Come on people why arent individual investors allowed to make money no matter the market direction? I recall the federal government tried to ban short selling financial stocks and indexes during the financial crisis in fall of 2008! But its still okay to buy stocks like Peleton and Paypal and watch those decline 90%? Or buy the QQQ and have it decline 80 pct like in 2000-2003? Or look at IBB (biotechs) Now!
I feel that government overreach has been getting worse and worse. I am a crypto investor. I feel some things that need to happen is making bots illegal for crypto. They are a problem for the industry when every tom dick and harry have a bot program like Pionex as an example. The government should regulate the industry, without screwing those who have been in it. I am for regulation on the condition it is for the benefit of all and not for the benefit of the wealthy.
Comments: do it like a tax cut. Disallow the wealthy, the rich with more than $100,000 in their account to trade in these funds. Pay Peter to pay Paul. Allow the commoner and lower income investors to trade in these funds so that they can make some money. Life is just not fair no matter how you look at it rich get richer and the poor get poorer.
My wife and I have carefully invested in ProShares leveraged funds since 2008 and have profited substantially from our investments. No one has advised either to or not to invest in these funds, it has been our own decision. We hope that you will allow us to keep these investing in these funds for our retirement.
To whom it may concern,
The investment group that sponsored this message seems to care more about their commissions than about ordinary citizens. The types of investments the regulation considers SHOULD be hard to buy.
To Whom It May Concern:
I want to express my concern against for the proposed regulation that would limit or eliminate my ability in invest the leveraged and inverse ETFs which I currently have in my portfolio that I personally manage. I have used these effectively for years to grow my wealth and therefore:
> I, not regulators, should be able to choose the public investments that are right for me and my family. Public investments should be available to "all" of the public, not just the privileged.
Dear FINRA, I am very concerned to learn about possible upcoming restrictions regarding my ability, as an independent small investor, to use complex investments such as leveraged and inverse ETFs. I am scared that these public investments will cease to be available to normal people like me and reserved only for a "privileged elite" of super-rich people and institutions to get richer. I am perfectly capable of reading prospectuses and understanding so-called complex investments such as leveraged and inverse funds, before I use them.