Tom Nolan Comment On Regulatory Notice 22-08
We need all of the help we can get with the miserable shape that our Country is In!
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We need all of the help we can get with the miserable shape that our Country is In!
I and investors like me, not regulators, should be able to choose public investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
Using ETF and inverse ETF securities, along with other strategies, allowed me to avoid the 35-40% decrease in portfolio value experienced by almost all 4000 mutual funds and like instruments during the 2008-2009 market mini-crash. My family portfolio increased about 4% during that stressful period.
Let me be clear and succinct:
I understand your concerns and intentions but this country is land of free and opportunity.
I believe public investment should be available to everyone, not just the few privileged.
I am strongly against this proposed regulation change.
I believe that I'm smart enought to
(A) Not invest more than can afford to lose.
(B) Do my due diligence and do thorough investigation into investments BEFORE investing.
I also feel that it should be up to me to decide what public investments I do or do not invest in.
I understand that in your efforts to protect investors from themselves you are planning to impose yet more suffocating rules and regulations. Please don't. Over regulation is running rampant and is already doing serious damage to our freedoms and productivity. Thanks for thinking of us, but please refrain.
Please do not impose additional regulations on indexed leverage funds.
FINRA Regulators: I am concerned about new regulations that might ban or limit my ability to invest in certain mutual funds/EMFs, specifically those that would limit or ban leveraged and/or inverse leveraged funds. I can't help but guess that the reason Vanguard recently blocked access to these funds came ahead of your possible system-wide regulations. I have contacted Vanguard to express my distress over their situation, which in their case, is logically unsound and unreasoned considering that they allow options trading of almost all stripes and varieties.
Itposesseverethreattowardsmarketfairness.It'slikelockingpeopleinhomebecauseofFlu.Retailtradersorinvestorsshouldbeabletofreelychoosewhateverproductsthatfittheirtradingstrategies.FinanceisNOTonlyfortherichortheprivileged.Weknowwhatleveragedfundsare.Also,theliquiditywillbeseverelyaffectedifpassed.
I am an individual investor and have been trading since 1993. I have been through many difficult markets and I have increased my net worth many times over.
I have some of my money with a M.L. Wealth Advisor which I pay fees and I have been beating them hands over fists for years. Perhaps you should consider restricting Wealth Advisors as well.