Rodney Walker Comment On Regulatory Notice 22-08
To Whom It May Concern:
For the Public
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To Whom It May Concern:
I have been investing in inverse leveraged funds for over 10 years. I understand them and I watch their movements on a daily basis. One of the primary purposes of investing them is to protect my stock investments. I would not like to see my investing in these funds to be limited by additional regulations. Please do not impose additional restrictions.
Please do not restrict our ability to trade Proshares investments.
Regulators should never be able to choose the public investments that are right for any individual. Public investments should be available to everyone, not just the few people. We are not kids that need to be tell what to do. I know the risk and I don't need FINRA to tell me what to do with my money.
FINRA should be limited only to prevent and find those companies and individuals that are breaking with the already established regulations.
I understand that you are thinking of restricting my right to invest in certain public investments ("complex products"). Please stop trying to regulate everything!
These investments (such as leveraged funds) should be available to everyone, no matter one's income; and passing a test to prove I understand them should not be necessary.
It is one thing to fine a financial professional that misleads their client on these, but another to assume that self-directed investors cannot be trusted to make their own decisions.
I spent over 10 yrs in the financial sector. Investing and helping others do so to prepare for the future. Preventing individuals from taking risk with great return potential because they have less money than wealthier investors, will only keep them from becoming wealthier. You will be surpressing people who are working towards fulfilling their pursuit of happiness, as guaranteed by our Constitutional Rights!
It poses a severe threat towards market fairness. It's like locking people in home because of Flu. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.
don't need more problems with people trying to make life harder ,
It poses a severe threat towards market
fairness. It's like locking people in home
because of Flu. Retail traders or
investors should be able to freely
choose whatever products that fit their
trading strategies. Finance is NOT only
for the rich or the privileged. We know
what leveraged funds are. Also, the
liquidity will be severely affected if
passed.
It poses a severe threat towards market
fairness. It's like locking people in home
because of Flu. Retail traders or
investors should be able to freely
choose whatever products that fit their
trading strategies. Finance is NOT only
for the rich or the privileged. We know
what leveraged funds are. Also, the
liquidity will be severely affected if
passed.