Patrick Hickey Comment On Regulatory Notice 22-08
keep your hands off
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keep your hands off
To whom it may concern,
I am opposed to any additional restrictions that may be placed on my ability to invest or trade invest in leveraged and inverse funds. I have invested in these ETFs for several years and have lost and made money. It seems very condescending for an agency to tell it's citizenry what is safe and what is unsafe when the government itself is bankrupting America by mismanaging the peoples money. Please stay in your own wheel-house and allow us to trade freely without any further restrictions - win or lose. This is the American way!
TQQQ IS SO IMPORTANT TO THE SUCCESS OF MY PORTFOLIO
This new rule is unacceptable.
I strongly oppose these proposed regulations! This country was founded on the premise that the average citizen has enough common sense to take care of himself and decide what is appropriate as far as his personal finances are concerned. This is just another example of governmental overreach and the end result will be that only the very wealthy will have access to these investments. In my opinion that's very likely the "real" reason behind this proposed legislation if the truth were known.
With regard to FINRA Regulatory Notice #22-08, I encourage regulators to abandon the attempt to replace or limit the public's existing access to leveraged and inverse funds.
I want to be free, not "protected". I should have the same access to these financial tools as anyone else.
Me- not regulators should be able to choose the public investments that are right for me and my family.Public investments should be available to all public not just the priviledged. I shouldnt have to go through any special process like passing a test to invest in public securities. I am capable of making inverse and leveraged funds and their risk.
Investors have the right to decide which public equities, bonds, and funds they want to buy. It is their right to freely access the entirety of public securities markets without arbitrary restrictions.
When tyrants in third-world dictatorships want to steal freedoms from their citizens, they shamelessly grab them.
When tyrants in first-world "sophisticated" nations want to steal freedoms from their citizens, they grab them under the guise of "safety" and "security."