Michael Yuhasz Comment On Regulatory Notice 22-08
Please do NOT restrict my ability to freely trade leveraged and inverse funds to maximize my investment potential. I'm using these funds to increase funding for my retirement.
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Please do NOT restrict my ability to freely trade leveraged and inverse funds to maximize my investment potential. I'm using these funds to increase funding for my retirement.
This proposal is atrocious. This is a move to stop people from being financially free. Its disgusting and you all have no idea what youre doing.
I believe that I do and I should continue to have the right to invest my own money as I see fit as a means to obtain my goal of long term financial security. Furthermore, what one may deem as "complex product" may seem a simple investment or investment strategy to someone else... you have no responsibility to make a decision as to the complexity of an investment on my behalf!
I and I alone should have the right to invest in whatever bonds, stocks, equities, etc. that I so choose without government interference.
I am a retail investor who enjoys testing and using various stock picking strategies for a part of my portfolio. I don't have any professional training in the workings of the stock market. However, I was a math major in college and a computer scientist by trade. I think I know enough to understand the basic concept of a leveraged ETF and/or inverse ETFs. I also use an analytical stock picking application to help me make my trades.
I oppose limitations on my investments. I feel it is my right to freely access the entirety of the public securities markets without arbitrary restrictions.
I shouldn't have to go through any special process like passing a test before I can invest in any public security, I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me. >90% of investors lean on the advice of an investment advisor, make those who sell investments pass investment risk knowledge tests, this is where the majority of investment decisions are made in this country.
The proposed rules for investing in Crypto are absurd. If you want to regulate, then make sure investments are on the up and up. Leave investors alone. You are attempting to treat investors like they dont have the right to make their own investment decisions. Crypto could be a serious and viable strategy for people looking to diversify portfolios. And if people dont invest wisely in Crypto, how is that ANY different from other available types of investments? We all make bad investments. Sometimes we need those bad investments to learn from them.
Regulators should not be able to dictate which investments are right for us. Public investments should be available to all of the public. Leveraged funds are used in our trading not as a buy and hold, but as an option strategy. They help provide enhanced returns. Restrictions on our right to invest should not be put in place.
Do not restrict access to options trading or buying and selling of inverse and leveraged ETF's !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Leave our Freedoms alone . Stop this crazy madness .