Curtis Wilson Comment On Regulatory Notice 22-08
Dear FINRA,
I have been investing in leveraged stocks for sometime. SSO for example, is my go to stock purchase these days.
Please allow me to invest as I see fit.
Thank you!
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Dear FINRA,
I have been investing in leveraged stocks for sometime. SSO for example, is my go to stock purchase these days.
Please allow me to invest as I see fit.
Thank you!
I understand the risks of using leveraged and inverse funds and do not need the government to tell me how to invest. They play an important hedge for my investments.
The elimination of these types of investments would only serve the most wealthy, large investment firms and hedge funds. They have the ability and funds to create their own vehicles for protection. These groups already have a disproportionate advantage over the individual investor.
I sincerely hope you consider more than the highest income investors.
Please keep these leveraged and inverse ETF/ETN's fully legal. They are very valuable to me!
Thank you.
Keep your hands off Cryto Currency and leave use alone!!!
This notice and action is extremely unamerican and unlawful. You are dictating how a person is able to make an income and by doing so you're in direct violation of the US Constitution as to where you cannot infringe upon a person's ability to make an income. I plan to have my legal counsel file a lawsuit against FINRA, if you take away my ability to trade proshares inverse positions that I have been holding at an unrealized loss since 2021.
I am a retired insurance business owner and am solely responsible for investing and trading my retirement funds. I use Inverse and Leveraged funds to hedge my portfolio insurance to protect, preserve and grow my portfolio. As a small investor it is vital for me to have use of these tools to use as I see fit without interference from any other authority(s).
Investment choices should be at the sole discretion of the investor. If not then this takes away from each persons freedom of choice.
I strongly protest these proposed changes.
I can certainly understand the agency's desire to protect the public but if you are inclined to invest, then you should take it upon yourself to become educated about what it is you are investing in. Limitations on leverage funds such DGAZY and TZA might have some benefit. However, limiting inverse funds is going to far. Leveraged funds which could be used to protect gains are far easier to use than put options. It doesn't seem quite fair that limiting inverse and leverage funds to the institutional investor is reasonable either.
I reserve the right to invest the money I earn however I see fit. Tell Democrats this is the last straw for me.