Ivan Ilnicki Comment On Regulatory Notice 22-08
Hi I Ivan Ilnicki, I would like to submit an official comment to FINRA telling them I oppose limitations on our ability to buy leverage funds. Thanks take care.
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Hi I Ivan Ilnicki, I would like to submit an official comment to FINRA telling them I oppose limitations on our ability to buy leverage funds. Thanks take care.
Dear FINRA Regulators,
My money
My choice.
Leveraged and inverse funds are very important to my
investment strategies.
Re FINRA Notice 22/08
I oppose any proposed restriction on leveraged, inverse of other investments based on:
Net worth
Investment knowledge
Broker approval
Trading frequency
These would be unwarranted and inappropriate interventions into free markets.
Please do not make this change. It will hurt people like me in creating and saving for our our future.
Regulations on investments only allow the already rich to gain wealth. NOT protect the everyday person. I and many people will look into leaving the country for nations who value individual accountability, choice, and financial freedom.
I use inverse bond funds as a speculative tool to profit from a rise in interest rates just like someone who would sell bond futures short. Trading bond futures is more leveraged and riskier than what I am doing so why would you limit what I am doing but not restrict bond futures trading as well. There is no logic to that. I am asking you to NOT take my right to buy and hold inverse and leveraged funds away from me. To do that and continue to let people trade higher leveraged futures contracts would not be fair.
Do not limit my ability to invest in leveraged and inverse funds. Doing so will only further rig the system in the hedge fund and large firm favor.
I oppose these limitations on my investments.