W M Comment On Regulatory Notice 22-08
Please do not block, we have the rights to select the products we want to invest
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Please do not block, we have the rights to select the products we want to invest
I likely would not fit your thoughts of high net worth. But I have traded form the floor of a stock exchange for 20 years in my life. I think it should be up to me and my broker, not you to see what is fit for me to invest in.
I oppose further regulations to public investing. It is my humble opinion that instead of trying to implement radical and unprecedented regulations to restrict public trading that you focus your time and energy on educating the general public. I believe the regulations proposed by Rule #22-08 will help continue the current trend of the rich getting richer and the poor getting poorer. I have been successfully investing in publicly traded stocks for many years and I dont need regulations to protect me. I know the potential risks and rewards of my investments and I do my own research.
I understand that government is trying to protect public from getting into ruinous investments, however currently existing mechanisms for risk management between brokers and investors are working well. I don't think that the regulators should limit what public investments I am making.
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. I shouldn't have to go through any special process such as passing a test before I can invest in public securities, like leveraged and inverse funds. These investments are a key hedge for average investors like me to safeguard my portfolio against inflation and market turmoil. I do not need these measures imposed.
Why are you [REDACTED] trying to regulate and restrict every [REDACTED] part of our lives and letting the rich get richer and the poor get poorer? Let ME choose what is the right investment strategy for myself and my family. I don't tell you what [REDACTED] to do. You don't have the right to tell me what to do. Lay [REDACTED] off of my pocket book !!!
I am totally against any limitations imposed on my investment freedom.
Since it is my own money which I earned it by hardworking, it is my own decision on how to invest it.
I do not need anyone to make a decision on my behalf for controlling my investments. I am a grown up who has the full capacity on making decisions and I am fully aware of investing in security markets, specially the ones related to leveraged and inverse ETFs.
Please dont block us from trading the stocks we want, please let me decide where I want to invest and please do not restrict my purchase power. I should have the right to choose the stocks I want.
IT WOULD BE BEST TO LEAVE OUR MONEY ALONE.
I oppose restrictions to my right to invest in any public investment that I decide is right for me and my family. I should not be subject to any special process or test before i can invest in public securities like leveraged and inverse funds. I am a free American and should have the right to purchase any legal security that I choose. Do not infringe on my (our) rights.