Fred Steyer Comment On Regulatory Notice 22-08
It is none of the government's buisness what I do.
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It is none of the government's buisness what I do.
The little guy should be able to play the same game big financial institutions play. Don't make equality worse, level the playing field.
I am writing to share my reasons for opposing any FINRA measures that would limit my ability to invest and trade in exchange-traded funds deemed by regulators to be "complex". Limiting members of the public from investing in funds deemed by Regulators to be "complex" is contrary to the most fundamental bedrock of the US Constitution - Government must treat all citizens equally. I believe every investor must be responsible for themselves in choosing the best investment vehicles for their own savings.
There should not be any special process, tests or other to be able to invest in public investments. Leveraged investments are part of an overall strategy that will enable retirement. There is no reason to have any type of regulation on these funds.
I strongly disagree with the regulations on leveraged products that FINRA is proposing. As a retail investor, I should be able to choose my investments and make decisions as to what is right for me and my family, without having to go through some special process, be it passing tests, or meeting some net worth that only privileges those with higher net worths.. who are already advantaged with leveraged products in the first place.
I am against this thought of regulation. Why would you create an industry where it will cost the little guy more to invest. I use inverse funds to slow my losses when I dont want to get out of my base investments. These funds are used to enhance my returns they are not long term investments. Thanks
I have been investing for about 50 years, during that time I have seen a growing manipulation of the equity markets by bankers at the Federal Reserve. They have fattened there own trading accounts by creating excessive liquidity and pushing markets well beyond rational levels (creating a wealth effect). There is no longer value on the "long" side. Inverse ETFs provide a means for value investors to offset the risks of markets returning to "normal".
Leveraged index ETFs such as QLD and QID are an important part of my portfolio. Unlike regular stocks, one has to only track market level for buying and selling these funds and therefore do not need a lot of analysis before investing in them in order to achieve enhanced returns. I believe they should be freely available for trading to the investing public without unnecessary regulations. Thank you!
I, not regulators should be able to choose the public
investments that are right for me.
Public investments should be available to all of the public,
not just the privileged.
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 will be responsible for myself to
understanding leveraged and inverse funds
and their risks. No
need regulator put these measures imposed on me.
Hello, I am discouraged to know that there are regulations and restrictions being proposed that would severely hurt my investment strategy. Levered and inverse funds are very important to me and I strongly oppose such regulations and restrictions. Myself and my neighbors regardless of designation, education, or wealth should be allowed to choose for ourselves what risks we want to take. We are a country founded on freedom of choice and equal opportunity; to add qualifications to an investment opportunity clashes with this idea.