Christopher Sheridan Comment On Regulatory Notice 22-08
Members of FINRA,
Leveraged and inverse ETFs are of great importance to me
and I strongly object to any new restrictions on the usage of these investment vehicles.
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Members of FINRA,
Leveraged and inverse ETFs are of great importance to me
and I strongly object to any new restrictions on the usage of these investment vehicles.
Imagine a world where you don't have to pass a test for having guns or for playing in a casino, but you have to pass a test for investing money.
I should be able to choose public investments that I feel are right for me and my family, not some government agency. This in my opinion is a government over reach. It appears that every day the government tries to usurp American citizens rights and indoctrinate each and every American citizen. This is supposed to be a free country. Let's keep it that way. i'm truly tired of politicians repeatedly saying, "Do as I say, not as I do." Let's face it, politicians live by their own rules instead of the rules they impose on everyone else.
Funding is extremely challenging. Additional regulations are not the answer. I deal with "sophisticated" high net worth investors every day for fundraising for my biotech company. Most have less knowledge about pharmaceuticals than my special needs seven-year old son. These individuals would undoubtedly pass the proposed test, but they still won't have a clue.
Let everyone invest.
Im a non-professional investor with a liquid net worth of over $3 million. I have been successfully using leveraged funds for more than 10 years as part of a complex investment strategy. I use them to hedge my investments as well as take aggressive positions in the market when the environment is suitable. These leveraged ETFs give me flexibility and market penetration that would otherwise be very difficult, if not impossible. For example, I can risk far less amount in a long position because of their leveraged nature.
To: FINRA Regulators, Kind Regards. I have been trading ETNs, leveraged securities, futures, puts and calls etc. since 1985. I understand the works and functions of these somewhat complex trading methods. I started with about $10,000.00 and now have multiple trading accounts approximately in excess of $2,000,000.00 I respectfully request that you do not take away my rights to buy and sell listed public securities. It seems my strategies are working out just fine to enhance my returns. I have been through several downturns in the markets, and have done quite well, in my opinion.
Stop taking everything away from the people. One day all of you will be broke. Then know one will have anything. Stop being so greedy.
Why government should control what I can do with my money for my investment?
If the federal government willing to do that for me, can the government guaranteed my money with the return satisfied me? Or pay me for my money?
If not, what is the authority of the government can deal with my money according to the constitutions and the laws?
I like to make my own choice of investing right. Thanks