Samuel Yaggy Comment On Regulatory Notice 22-08
I should be able to choose the investments that I desire and I understand the risks. Stay out of this.
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I should be able to choose the investments that I desire and I understand the risks. Stay out of this.
We, the public, should have the right to choose what investments is right for us and our family. Public investments should be available to all of the public, not just the privleged. We, the public, shouldn't have to go through any special process like passing a test before we can invest in public securities, including cryptocurrency funds. I am perfectly capable of learning and understanding cryptocurrency funds like BITO and their risks. I do not need these measures imposed on me.
Being able to trade leveraged or inverse funds like ProShares has enable my family to stay afloat during these turbulent last couple years. Regulating that away from public traders will have a wildly negative impact on the everyday trader. Balancing between funds like TQQQ & SQQQ have helped to keep my portfolio protected from so many economic impacts even through COVID and the inflationary crisis we now are facing. Taking thes option away from the public would provide no shelter from these powerful financial issues facing the market and the everyday dollar.
We don't need more regulations on this topic. And we certainly don't need regulators defining what "complex products" are. Meddling in this area will cause far more harm than good.
I've got a better idea: let the buyer beware.
Inverse funds are used as a means to hedge investments. There is ample information and training online regarding short ETFs and therefore testing investors is an unnecessary administrative and financial burden. Regulations should not be put imposed on individuals who should have the freedom to manage their own risk.
Keep you hands out of my pockets.
Public investment should be available to all of the public, not just the privileged few.
Hello, I am deeply concerned about my future access to complex trading products. I'm not sure your definition of complex products. Adding new red tape and hoops for investors would be beneficial to the rich, wealthy, and upperclass to keep the rich getting richer. Effectively hurting the retail trader and small guy in the economy. Effectively blocking access to the American dream to many in the working class. I vote no. My brokers already have many warnings on every purchase of these funds, (2x,3x levered) reminding me of the risk. They have never been recommended to me by a broker/dealer.
I oppose the regulation to to limit my investment in leveraged and inverse funds like UltraPro exchange traded funds. I should be allowed to trade freely as I deemed fit based upon the risk I am willing to take.
I oppose any restrictions to my right to invest in specialized leveraged and inverse funds. These types of investment products should be available to any individual's investment strategy and not only to the privileged that can meet a set of arbitrary conditions set by regulators. I felt fully informed and understood all risk involved before I started to use these types of leveraged and inverse investment products. They have helped me to protect (hedge) my investments and seek enhanced returns.