Thao Ngo Comment On Regulatory Notice 22-08
I oppose restrictions to my right to invest
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I oppose restrictions to my right to invest
Regulations that impede my investing strategies and choices (imposed by bureaucrats who enhance their wealth by the same strategies) are unethical. We live in a digital age where information and learning is rapid and exponential. To assume that most everyone except politicians and elite wealth classes are incapable of investing with leverage is pompous and sorely mistaken. Let free people live freely!
Before buying these products, my brokerage house qualified me and informed me these products were for knowledgeable investors. That is all the regulation we should need.
I very rarely use leveraged or inverse funds. I do not want to lose the freedom to do so. People will always find a way to shoot themselves in the foot.
I should be able to choose any investment that are offered to the public without taking any test or special process. I am an educated person and handle my own finances and with that I do my own risk management.
A person learns Trading and investing by doing
You will make mistakes and you will learn from them
I'm not a heavy buyer of leverage ETFs but I don't agree that we should not have limitations in the way we invest our money.
I have in crypto space for a little over two years, with a little instruction, anyone can invest. Regulating it like real estate is very short sighted from a taxable income source for government, and it is up to individual to exercise choice of investments and risk vs return. In addition bureacracy does not teach the valuable lessons of experience in investments like success and failure.
I am an investor who trades with New York Stock Exchange shares. In order for markets to truly be free and fair, there needs to be a level playing field for all entities involved. This is agnostic of the risks involved. Deviating from that impacts trust as it can be interpreted that retail investors have different rules from other investor entities. I do not support this rule as it's implementation will affect the trust I put in US markets.
If too much trust is lost, I will not continue to invest in the US market.
Do I have a freedom to choose what public investments that are right for me and my family?
Do I need to take a test first in order to ride on a public bus or shuttle to attend schools?