Bernice Culbertson Comment On Regulatory Notice 22-08
Protect my rights!
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Protect my rights!
Im disappointed yet again that restrictions are being considered to limit ordinary citizens from trading leveraged index funds like TQQQ. These funds are volatile, which is critical to my investment strategy. Its just another way to keep the economic divide in our county and keep effective investment strategies out of the hands of the poor. I strongly opposed this two years ago, and I strongly oppose it now.
I not regulators should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
Please do not limit or restrict my rights to invest in public securities. Such investments should be available to all and not limited to those privileged by regulation. All investments have risk and transparency, information and education are preferred over regulations restricting or eliminating individual rights.
I have been investing for over 47 years. I do not need big brother looking over my shoulder.
I should be able to choose the public investments that are right for me.
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 am
capable of understanding leveraged and inverse funds and their risks.
Leveraged and inverse funds are important to my investment strategies. I you use leverage and inverse funds to protect my investments and seek enhanced returns for a limited part of my overall portfolio.
I should be able to choose any public investments that are right for me and my family. Public investments should be available to all of the public, not just certain people.
I shouldn't have to go through any special process like passing a test before I can invest any public securities.
I are capable of understanding leveraged and inverse funds and their risks.
I can accept my own risks in investing.
Dear FINAR, I have been investing leveraged funds like TQQQ, UPRO, UDOW, SOXL,FAS for years. When they were held for long term, these type funds deliver extraordinary results for retail investors like me. As a wager earner and an average American , I see these type funds are only hope to get me to retirement. There are many bad risk assets in you list. The ones I mentioned are not. They are good asset types for retail investor to own. Please do not sway your agency's mission by political agenda.
Making this change will damage my future retirement plans and set me back indefinetly
Leveraged investments are part of my portfolio. Please don't limit my ability to invest in these. They have served me well!