Kenneth Durns Comment On Regulatory Notice 22-08
I dont think its right. There looking so that there the only ones making a Profit. Dont like it
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I dont think its right. There looking so that there the only ones making a Profit. Dont like it
I oppose restrictions on my investment opportunities. I am a normal "retail" investor and not affiliated with any finanical institution. I have been able to educate myself and understand the risks of "complex" products such as those being considered for these regulations. I should not have to pass any "test", at most only sign/check an affirmation that I understand. We need MORE access and MORE transparency for the American people, not further restrictions and control by the privileged few on Wall Street or D.C.
#1: As an American I take great offense to even more regulations on my ability to make intelligent investments, since a free citizen should be able to make or lose money on their own volition, not that of a Regulator . . . FYI the "motherly" $25,000 Trade Rule regulation cost me dearly at times in the past;
#2: My risk is less with leveraged ETFs as I invest much less than I am able with leveraged ETFs, which gives me a much larger cash position to take advantage of large market fluctuations;
I have just as much right to invest in any securities I choose. This is NOT right
Less Government Regulation is "always" a good rule!
There is way too much government regulation. The vast majority of investors are not idiots. I personally use leveraged and inverse funds as hedging instruments. Performance statistics on leveraged and inverse funds are readily available to all investors. Do we take away guns because some fool doesn't know how to use one?
We The People are taxed enough. Our fore-fathers would have claimed this to be Taxation Without Representation. We have enough taxes. Washington needs to learn how to live on a budget and not spend so much.
I have been using some of the double leveraged products for a decade now. For long term investors (e.g. 10, 20, or even 30 years), they can make a lot of sense to improve returns. For example, if you invest 10% of your money today in a 2x product like SSO, your total annual return will be about 30/percent higher than just investing in the S&P 500 index. If you have that sort of time rising, you can take the rest. I
FINRA's proposed regulations of Leveraged an Inverse ETF's are harmful and misguided because:
1) I am a free marketer and believe that the individual's right to choose what to invest their hard earned money should be inviolate. Otherwise mal investment is likely and that is a long term moral hazard.
2) We already have too many regulations to "protect" us investors. These regulations have direct and indirect costs. We need deregulation not more regulation.