Patrick Falk Comment On Regulatory Notice 22-08
Leave us alone...
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Leave us alone...
i do not need your advice on how I CHOOSE to invest MY PERSONAL WEALTH
To whom it may concern at the Financial Industry Regulation Authority,
People should be given the choice they want for their own investment. In a case like leveraged or inverse funds, I personally use them for taking advantage of temporary market dislocation or hedging, both for short term investments. Over regulating doesn't seem to be the right approach.
I am an investor in the stock market and some mutual funds and it is regulated enough.We don't need you to save us we can take care of our selves.
I am able to make my own investing choices. I would never invest in any type of investment that I have not done my own research on and feel comfortable with.
We do not need more unnecessary rules.
I would like to be allowed to invest as I choose without any special process like passing a test or getting special approval from my brokerage company. Think about the millions of people that invest in very risky cryptocurrencies. No regulations on that are there? Instead of trying to handcuff individual investors you should join efforts with the SEC and the CFTC to eliminate activities that manipulate certain commodity investments, particularly in precious metals such as silver.
Quit taking away our freedoms. This is supposed to be America. Not China
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I oppose limitations on my investments.
This is not freedom. We do not need the FINRA restricting what securities people can buy or sell. We saw issues with Gamestop stock for example. The playing field should be level. It's even possible that people use outside the box trades, such as covered calls on TQQQ due to the high volatility and holding over time, arguably a reasonable approach given enough timeline.