Max Niu Comment On Regulatory Notice 22-08
Let me yolo in peace
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Let me yolo in peace
Finra regulatory rules pertaining to leveraged and inverse funds should not be changed. The choice and ability to own and invest in these instruments should not be limited to high net worth individuals. Investing in the leveraged funds is safer than using margin. Finra's current rules should not be changed.
As an investor, I should have the freedom to choose my own investments and take full responsibilities for my gains as well as losses. I will never invest on anything that will test my ability to invest or make sound decisions. The financial crisis is a perfect example of over regulated investments. I want to be able to invest in a market on the way up as well as on the way down. Regulators always assume things always go up. It does not work that way in nature which follows cycles. Stop interfering with gazillion of regulations...
Please let the free markets thrive. Leveraged index funds is lesser risky than buying with credit card. For one, i buy the funds with my money paid upfront. Two, leveraged funds arent as speculative as the digital currencies popping up which have no intrinsic value. Ban crypto if you want to make a difference in peoples lives.
Thank you for allowing me to comment on behalf of myself and my family. We deserve the right to invest our hard earned money in our future and on our terms. We deserve to be able to have the same access to the same tools as the institutions do. The Financial Industry Regulatory Authorities suggested and extremely complicated regulations are unworkable, arbitrary, and harmful to individual investors like us because they would prevent us from using the very tools necessary to be able to fight back against Wall Streets manipulation.
I want to trade any equity and etf with my own risk.
I not regulators 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 truly feel that this new regulation would severely damage any investor that is interested in securing his or her financial future.
Cryptocurrency is the one financial vehicle that is not only affordable to ANY investor regardless of the amount of wealth they may have but that can change an investors financial status overnight.
It is no more risky, than any stock an investor may buy or trade, or any real estate venture.
Citizens should be able to choose what and with who they want to invest in. I often use leveraged funds to hedge my portfolio and occassionally when I see an opportunity to enhance my returns. I use them strategically and very carefully.
It's my money and I don't believe it would be fair to restrict access. Pretty simple really - my money - my decision. Please do not put these proposed restrictions in place.
Blocking the ability of the general public to buy cryptocurrency funds or an other publicly traded stock/share limits my ability to freely access the entirety of the public securities markets. Furthermore, singling out complex products with onerous investing regulations for the investment of securities categorized as 'complex' again limits the general access to the designated security and once again limits me, the person considered the general public, access to these securities.