Jason James Comment On Regulatory Notice 22-08
Please do not restrict my ability to invest.
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Please do not restrict my ability to invest.
I am not a child, and I do not need FINRA to tell me where and how to invest. You do not have constitutional authority for your proposed regulations, and I am completely opposed to your attempt to make investment decisions for me. If I choose to hedge using inverse leveraged funds, that is my business, not yours.
I oppose the intentions of this even happening. Thanks for bringing this to my attention.
I object to this proposal. If I lived in Russia, or in some other communist or socialist country, I would expect this kind of government interference in my ability to make decisions about my investments. However, I am a citizen of the United States and I object to this unwarranted intrusion by the government attempting to restrict my investment decisions. What next? Is the government going to tell me that I can only invest in companies or industries that meet the government's political or social criteria?
We, as individual investors, have the freedom to invest our own money how we want.
I dont follow the logic on this proposition. People are allowed to yolo their life savings into penny stock options but a leveraged form of a much more diversified investment is being banned? It doesnt make sense to me. This seems performative and not addressing any specific issue we see causing problems.
Please do not restrict my investing.
Please, please do NOT impose the proposed new FINRA regulations. As an active investor I am practically regulated out of the marketplace, and am still suffering the damage caused by the Dodd-Frank Act. The last thing we private citizens need is more government interference in our lives, which invariable harms rather than helps. The amount of trouble and stress for regular people like me that would be caused by this measure far outweighs any perceived "protection". This is a bad idea which is simply not necessary.
I have been involved with the financial markets for 50 years this coming month. The proposals that are being proposed, although they seem to make sense on the surface, will make matters far worse for the general public and the institutions that manage pension funds. Many investors, professional and general public, use these products to provide insurance for their investments. Without this insurance people will be less inclined to invest and if these measures are approved will seek to divest what would then be perceived as excessive exposure to the financial markets.
When does someone have a right to determine what investment is appropriate beyond their own self?