John Cooke Comment On Regulatory Notice 22-08
This rule is obviously meant to hurt the little guy. If this passes, your corrupt intentions will be obvious to all. Sad!!
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This rule is obviously meant to hurt the little guy. If this passes, your corrupt intentions will be obvious to all. Sad!!
The United States possesses a free market. It is up to investors to be well informed and understand the investment choices that they are making. Restricting investments from investors based on specific criteria is a way of controlling or manipulating markets and is not ethical. What is being considered is not ethical. Stop trying to make our free markets restricted. All investors should have the right to invest in the vehicles of their choosing and the responsibility for their choices is theirs.
Please do not restrict what I may do with my investments. Small investors should not have to pass tests to show their intelligence concerning anything they choose to invest in. All investments should be available to us. I do not need or want these restrictions imposed on me, as I'm sure many of my peers feel as well.
- Many of the leverage etfs, specially those which represents the broader market, such as UDOW (3x Dow Jones etf), have a long term upward movement and can be held long term if investors can stomach the volatility. Meaning if investor held them, they would have been rewarded. If you ignore the most recent downturn, UDOW since inception had an upward movement and rewarded investors more than 15 times their original investment outperforming the Dow Jones Etf over the same period.
I should be able to make my own decisions about investments. I have used leveraged ETFs for more than five years now to build my wealth. It should not be a tool simply for financial professionals or the wealthy. Do not infringe upon our rights.
Limiting retail investors rights to invest as we see fit is wrong. Its discriminatory and its dictatorial.
Regulators should not be the ones to choosing what investments are right for my family. Remember that America became the historical powerhouse because it embraced the principles of the free market.
I - not regulators should be able to choose the public
investments that are right for myself and my family.
Public investments should be available to all of the public,
not just for certain entities that meet a certain criteria.
There are more productive ways in which to control volatility in the market.
I am fully aware of how these funds operate and the risk involved. It is MY RIGHT to invest as I see fit. I do not need the government to tell me what I can and cannot do. Thank you. Dr Jonathan Golab
I oppose restrictions to my investment decision. I do not need anyone's approval to invest my own hard earned money in a FREE society. I am capable of understanding written information and to not need BIG BROTHER's approval or protection. I strongly oppose restrictions to my right to invest MY money.