Jimmy Vo Comment On Regulatory Notice 22-08
Please do not limit my ability to invest in leveraged & inverse funds
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Please do not limit my ability to invest in leveraged & inverse funds
I used to day trade, buying and selling options and penny stocks. I specifically quit those risky behaviors because I saw a more stable opportunity in leveraged ETFs. It allows me to gain the most out of my investments, which I make with my hard-earned money.
I want the ability to make my own financial decisions if I sign any forms saying I'm aware of the dangers.
Please let the investors decide which investments products are best of them. They assume risk when they buy , so denying access is unnecessary and also unfair to investors without high net worth. Thank u.
These restrictions intended to be imposed are not appropriate. The Market is an inherent risk and a free space for those to invest. I have made good and poor investment decision with their own outcomes that have played out well or been not so great. And even in the midst of regrets of the the poor circumstances - I would not have wanted any other way then to have learned from those decisions and to have been able to make those decision on my own. My freedom to choose where and how I invest is my own decision - and I would like for it to remain that way.
Let me yolo in peace
Finra regulatory rules pertaining to leveraged and inverse funds should not be changed. The choice and ability to own and invest in these instruments should not be limited to high net worth individuals. Investing in the leveraged funds is safer than using margin. Finra's current rules should not be changed.
As an investor, I should have the freedom to choose my own investments and take full responsibilities for my gains as well as losses. I will never invest on anything that will test my ability to invest or make sound decisions. The financial crisis is a perfect example of over regulated investments. I want to be able to invest in a market on the way up as well as on the way down. Regulators always assume things always go up. It does not work that way in nature which follows cycles. Stop interfering with gazillion of regulations...
Please let the free markets thrive. Leveraged index funds is lesser risky than buying with credit card. For one, i buy the funds with my money paid upfront. Two, leveraged funds arent as speculative as the digital currencies popping up which have no intrinsic value. Ban crypto if you want to make a difference in peoples lives.
Thank you for allowing me to comment on behalf of myself and my family. We deserve the right to invest our hard earned money in our future and on our terms. We deserve to be able to have the same access to the same tools as the institutions do. The Financial Industry Regulatory Authorities suggested and extremely complicated regulations are unworkable, arbitrary, and harmful to individual investors like us because they would prevent us from using the very tools necessary to be able to fight back against Wall Streets manipulation.