Beverly Long Comment On Regulatory Notice 22-08
I want to use crypto. But, with the so many scammed, I do not lnow if I feel comfortable.
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I want to use crypto. But, with the so many scammed, I do not lnow if I feel comfortable.
FINRA Regulators:
I oppose the proposal to restrict my right to invest in leveraged or inverse funds. That should be my choice and not something that regulation should restrict. I have carefully studied the use of these funds and invest in them in a limited and targeted way. They provide a valuable hedge when the market has become bloated and a recession is likely. I am careful to limit the amount of my portfolio I invest in these funds and typically would not exceed 10% of my portfolio.
Per your consideration of limiting my investment options, I believe this would be an infringement on the publics right of self determination. I have been involved in closely in investment markets for approaching 45 years, studying and actively participating. I find that I am frequently more informed and a better manager than even many professionals. LIMITING the investment vehicles I have at my disposal now would be a travesty and impediment to my effort of preservation of my savings.
My broker currently has requirements that limit my trading of stock based upon a criteria that includes net worth and trading experience. I believe that these requirements allow me to conservatively trade within the construct of responsible investing. These brokerage requirements far surpass the requirements necessary for real estate purchasing or other commercial investment that I have engaged in. My trading of leveraged and inverse funds have constituted a significant part of my stock trading portfolio has several years.
This is a public investment. I put my hard working money into this & It should not be regulated into an opportunity that only a privileged few will have access to. Leveraged ETFs are an important part of my portfolio and I do not want to lose that opportunity.
Regulations only strangle out new business and financial opportunities so only the elite can benefit!
This is a public investment. It should not be regulated into an opportunity that only a privileged few will have access to. Leveraged ETFs are an important part of my portfolio and I do not want to lose that opportunity. This is for my future. I should have the right to invest my money where I see fit.
Leave free trades of securities alone, if people to trade, they can learn as they go, this country is based on free regulated trade, not regulated free trade
Dont think that we retail investors are dumb or need the regulators to protect us from ourselves! Its my money, let me trade how I want too, I have been doing this for a decade, I understand the risks.
Comments: I like trading leveraged and inverse ETFs and don't want additional limits placed on the investors. I understand the risks and believe that additional limits on these investments will only hurt the small investor while big Wall Street firms can do what they want. It is important for FINRA not to hurt the small investor.