James Gosz Comment On Regulatory Notice 22-08
Im for having the free ability to invest in all and any type of investment risk I desire with my money.
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Im for having the free ability to invest in all and any type of investment risk I desire with my money.
Dear FINRA Although I am not a big and important investor, however I value my current ability to invest in as diverse a range of assets as possible. I do not request or want regulations to protect me, I will calculate and decide the risk. Therefore, please desist from considering restrictive regulations in any investment category.
I totally oppose restrictions on purchasing leveraged fund products. I have been investing in the for the last year with great success. Restricting these products will prevent me from doing something that I totally understand.
Inverse funds are an important vehicle to hedge against downside risk. Not all investors are comfortable using Put Options. Options have a time element which can be an expensive premium.
Inverse funds are needed. Understanding them is not any more complex than standard market funds. I understand their risks. More important I understand not having them as an option gives me no option to be in the market when I see that fundamentals are unsound and prices are too high. These events maybe with some regularity. Retail investors should be able to hedge against a down turn in the market without using the riskier call options.
I use leveraged ETFs to help hedge my gains and it is an important part of my investment strategy. I use these instead of options. Please don't take away this valuable tool from me and other retail investors who do not want to get involved in options trading.
Knowledgeable stock trading individuals should be allowed to express their freedom to take the risk they to which are comfortable in regards to inverse or leveraged trading. Dont pander to the rich and powerful who only believe they should be able to exercise their freedoms.
PLEASE DO NOT RESTRICT MY RIGHT TO INVEST
INVERSE FUNDS ARE ONE OF THE FEW WAYS TO PROTECT MY ASSETS DURING MKT DOWNTURNS
I strongly oppose placing restrictions on what I as an informed investor can invest in. Although not the majority of my investments, leveraged funds are a cornerstone to my investment strategy. If the information is freely available, informative, and not deceptive, I do believe that FINRA should restrict access to what I can invest in. It should be up to the individual to determine the level of risk they are willing to assume.
Regulators should not have the right to impose any regulations on any American citizen that is investing their hard earned dollars into any stock of their choosing that they feel will benefit their future and the future of their family. The government benefits from capital gains taxes imposed on us already. To take away or regulate how we choose to use our money goes against our rights as an American.