Michael Wills Comment On Regulatory Notice 22-08
Dear whom it may concern,
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Dear whom it may concern,
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
I should not have to go through any special process like passing a test before I can invest in public securities including cryptocurrency funds such as BITO. I am capable of understanding cryptocurrency funds such as BITO and their risks. I refuse to have these measures imposed on me by regulators such as FINRA or SEC or Department of Labor or anyone else.
Keep your regulations away from my right to choose what I invest in!!
The list of public investments that can potentially be regulated is too arbitrary. If I buy and hold for the long-term an investment that is income-producing, I shouldn't have to be regulated. It's only those who trade frequently who should be regulated.
I want to be able to choose what I invest in without anyone telling me what I can or can't do. It's my freedom and I want to choose what public investments are right for me, not just privileged people. I shouldn't have to pass a test or go through any special process to invest. Let freedom ring and allow me to invest how and where I want to invest.
Regulators need to provide level playing field for trading and investments. so far the it is sided with billionaires and bigtime investors who trade is billions of dollars. to have fair practice buy and sell is required as long and short. people invest based on their belief and not to be forced by anyone.
Individuals 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
You shouldn't have to go through any special process
like passing a test before you can invest in public securities,
like leveraged and inverse funds. Explain that you are
capable of understanding leveraged and inverse funds
and their risks. Tell regulators you do not
I have been investing for 35+ years. I think I have enough experience and savvy to make my own decisions. I don't take big risks, I may take some small risks here and there. I think you should be more interested in unregulated securities. I personally don't like inverse funds, I stick to options for short term declines.
It poses a severe threat towards market fairness. It's like locking people in home because of Flu, but except rich people. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are. Also, the liquidity will be severely affected if passed.