Michael Prior Comment On Regulatory Notice 22-08
Quit trying to steal aNd get real jobs
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Quit trying to steal aNd get real jobs
To Whom It May Concern, After learning of the proposed regulations to limit access to leveraged and inverse funds, I am reaching out to make the following known: I believe that as an investor it is my sole responsibility to understand the funds I am investing in. I use leveraged funds as an important part of my portfolio to hedge against certain risks. I do not believe it is right that access to leveraged or inverse funds be limited to accredited (high net worth) investors. Leveraged funds are a minor, but important part of my own portfolio currently, and I am not an accredited investor.
Leveraged and inverse funds are important to my investment strategies. I am capable of understanding leveraged and inverse funds and their risks.
All individuals should be allowed to trade any and all investment vehicles they wish to.
I oppose restrictions on investing in public investments. My broker warns me that some are not suitable for long-term investments, and I heed my broker's advice. I have years of experience trading stocks and options and know the risks of what I am investing in. We have enough regulations especially in the stock and options areas. So, respectfully, let us act like the adults we are. Thanks.
If FINRA puts any restrictions on leveraged and/or inverse funds, it also have to put the same restrictions to other volatile stocks. There are a number of stocks that are much volatile than leveraged and/or inverse funds.
Everyone has its own right and responsibility to invest any stocks. More restrictions will make people leave the stock market, which will not help any public companies.
I, not regulators, should be able to choose the public
investments that are right for me. Public investments should be available to all of the public,not just the privileged
We the investors should be freely able to invest in the funds we choose to. We do not need the government to tell us what we are and are not comfortable taking a risk in.
I would like to be able to choose whether or not to buy and sell leveraged and /or inverse funds. I don't think I should have to pass any test to insure I know what I am doing. Next step would be to have me take a test in order to buy AT&T (T) or McDonalds (MCD) or Home Depot (HD).
My Dad who was in the Army Air Corp before it was the Air Force in WW2 ,served as selectmen in our Town E.Bridgewater MA, the Treasure of his men's club East Bridgewater Commercial Club and his group of friends that got together and pooled their money to make stock investments once a week would be outraged that this is even being considered since he fought so hard for Freedom 25 missions , had to fire bomb Japan., met and worked with the men on Enola Gay .This must not pass at least let us pretend it can happen for an ordinary Joe