Richard Groeppel Comment On Regulatory Notice 22-08
I have been trading successfully for 40 years and do not want restrictions and/or regulators deciding on the way that I should trade.
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I have been trading successfully for 40 years and do not want restrictions and/or regulators deciding on the way that I should trade.
Should be available for free public to invest in and use as currency
Stop the FINRA proposal.
I have a right to invest in my own future and for my familys future. I have enough understanding in inverse funds to be able to invest my own funds to receive the results that I am seeking without involvement of other brokers and/or advisors at my own risk.
The right to sell short in a stock market should not be limited to the super-rich. The average investors should have the same right through inverse funds. The risk should be borne by the investor himself, who should know what he is doing, and NOT forcibly eliminated by the seemingly good intention of the Regulators!
I understand the leveraged and inverse investments that I choose to invest in. These ETFs make it possible for the little guy to avail themselves of investing strategies that would otherwise only be available to privileged individuals with resources I can only dream of. Recently I have been able to take advantage of rising interest rates through the use of treasury short ETFs. It's small. It's not a market mover. But it's mine. And it wouldn't have been available to me without access to these funds.
I should be able to decide which public investments are right
for me, not government regulators. I have been investing
successfully for over 35 years!
Leveraged ETFs are a great way for people who have less money to have increased exposure to the market. They do have increased risk, but if an investor is willing to accept that risk, they should be allowed to use leveraged funds. I am currently investing in leveraged funds in 10% of my portfolio. It's a small enough amount that if I lose it all, I'll be fine, but if the strategy works out, I'll be able to complete my goal of starting life in the lower economic class and leaving life in the upper class. Please don't take away my economic mobility.
I strongly object this change, this is a change who mock that investors' experience or intellectual ability, this reduce competition, reduces the avaliability of tools for general public. This is a first step of 'big brother' doing things aka in USSR authoritarian era.
I am opposed to the new regulations that are being considered on the peoples constitutional right to invest in whatever they want to. I demand these new regulations be dismissed and never talked about again.