Jeff Springer Comment On Regulatory Notice 22-08
Don't be stupid. Stop getting in the way of hard-working people trying to make money. What part of your psyche makes you think you know what's best for me?
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Don't be stupid. Stop getting in the way of hard-working people trying to make money. What part of your psyche makes you think you know what's best for me?
We should be able to choose the public investments that are right for me and my family. I understand leveraged and inverse funds and they should be available to me without going through expensive advisors. There are significant warnings in place -- for protection, investors can sign off on these products just as they do options. these products are important to my investing strategies.
I don't need the government telling me what I can and cannot invest in. The US government should not have a say in how and where I invest my hard-earned money. This would be a perfect example of the rich getting richer and the poor getting poorer. I've been handling my personal investments for over 30 years now. By the government imposing regulations on what I can and cannot invest in will take away my ability to invest in all the areas of the market. You will take away my ability to use leverage to better enhance my returns.
PLEASE do not impose the regulations.
Comments: USA is a free market economy. Public investment should be available to 'all public' and not to certain privileged funds holder.
I believe, I have the right to invest/spend my hard earned money by my choice and not by regulator's choice.
Please understand that me and my family's prosperity depend on such tactical short term investment strategies. Thank you
Leveraged funds allow the independent investor a fighting chance against big firms. Taking this tool away from us only widens the gap I believe you are trying to close.
Unfair Restrictions are put in place to keep the majority of investors from gaining larger profits. There is no reason to invest in the stock market if shareholders dont truly own the stocks they hold or are held back during peak performance periods. Millions of people missed out on buying Bitcoin years ago. Once the Bito shares became public some people including myself, could invest in crypto. Hoping to achieve greater gains. I need better ways to leverage my accounts against losses.
These investments are liquid and easy to understand. There is no reason to regulate them.
Retried CIO JPMorgan Chase, retired CIO DLJ Asset Mgt.
Dear Overactive Regulators -
I'm a big boy. I can read a prospectus. Please don't place any further obstacles in my path as I attempt to navigate the toxic economic environment the government has created. If you want to restrict the actions of people who do not have a basic understanding of economics and financial markets, please start with Congress. It is a target rich environment.
Is this a problem these people are worried about? I have been investing many years without their help. I thought I lived in AMERICA not RUSSIA. Go help solve the many problems this country is facing. Stay out of my financial solutions. Thanks for this chance to voice my opinions. As a military vet I should be able to live in a country that I helped to protect. THANKS
Dear FINRA regulators,
I oppose restrictions to my right to invest, including the restriction to buy leveraged and inversed funds.