Mike Quinn Comment On Regulatory Notice 22-08
Please do not impose regulations that limit my ability to buy leveraged or inverse ETFs.
In an economy like this it is important to create a hedge using these products.
Thanks,
Mike Quinn
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Please do not impose regulations that limit my ability to buy leveraged or inverse ETFs.
In an economy like this it is important to create a hedge using these products.
Thanks,
Mike Quinn
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST!
Considering that regulations on investing in the past has shown a total ineptitude in helping the small investor or are only implemented to help the rich. Those that are their to help us are worse then we could ever be and Im not one to be against regulations in general.
Please do not restrict my right to invest in what you consider to be complex markets. I am able to understand what I am doing without your oversight.
Comments: Consumers should be asked to sign a consent form for the risk they are undertaking which is already the process today I think. I don't believe any other restriction is necessary.
I'm fed up with regulations that pretend every American is a victim, and assume all businesses are evil. The ONLY things this proposal will accomplish are wasting investor's valuable time and creating yet another layer of useless/costly bureaucratic nonsense. GET A REAL JOB AND STOP INFLICTING NANNY STATE GARBAGE ON INVESTORS WHO ARE SMARTER THAN GOVERNMENT EMPLOYEES AND SELF-RIGHTEOUS KNOW-IT-ALL LIBERAL POLITICIANS.
I have traded leveraged etf for 20 years. I read the prospective and used the leveraged etf to reduce some risks. I want to this tool to be available to me, not just the privileged. I dont want regulars to impose a test on me.
The public should have the unfettered right to invest at will in inverse funds and leveraged funds and other market traded vehicles. There should be no special training or net worth gates applied.
The insiders, inside firms and big brokerages already have huge advantages in speed, concealment of trading in dark pools, and the ability to short investments easily.
The general public should be able to retain the ability to compete in the market without restiction in inverse and leveraged funds.
I should not be regulated on what stocks I can buy. I shouldnt have go threw any special process to invest in leveraged funds or inverse funds. I do not need these measures imposed on me. They are an important part of my portfolio as a hedge and to enhance returns. Public investments are right for me and my family. Investments should not be available for the just privileged but all of the people. We the people should not be regulated
FINRA's role is supposed to be to protect the public from unscrupulous brokerage firms and investment advisors. It's NOT supposed to be about treating the public as if they are children and need to have their hand's held while you tell us what we can and cannot do. I've been investing for over 30 years but just discovered leveraged ETFs, such as SPXL/SPXS and TQQQ/SQQQ in March of 2020.