Mark Langenbacher Comment On Regulatory Notice 22-08
This is the last bastion where the knowledgeable "little guy" can build wealth. DON'T TAKE IT AWAY!!
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This is the last bastion where the knowledgeable "little guy" can build wealth. DON'T TAKE IT AWAY!!
I strongly believe regulators should highly regulate the availability of these investment products to the general public. Regulators most certainly should require investors meet particular investment knowledge standards before buying any leveraged ETN or ETF. As an owner of both products with more than 25 years of investment experience, these products are extremely complex and have complicated tax ramifications. The original offering prospectus offen changes terms, exclusively benefiting the Issuer. The general public is ill-prepared to understand the legal termiminology and risks.
i want to have option to buy leveraged fund.
I really think it is my choice to invest in whatever I Want, I am responsible for the risk.
I appose restrictions to my rights to invest. I should be able to choose my public investment for me and my family, not only the privileged. This is not 1920 prohibition era, prohibition in the public investments give privileged people rights to exploit. This is not what Unites States should do as a so called democratic and country of equality.
selling short is a very important part of a free market
I and others should have the right to buy and sell any investments that we feel are right for those and their families when and if we so choose. Public investments should be available to all of the public not just those that are privileged. I also shouldn't have to go through any special process like passing a test before I can invest in public securities like leveraged and inverse funds. I and others know dang well there are risks in those and any other investments we make, that is not some secret only know to those that to are privileged and line you guys pocketbooks!
Regulators,
As a middle class American, it should continue to be my right and prerogative to invest in all public investment securities including complex investments. Onerous rules put on citizens through burdensome regulations and requirements is not consistent with a largely free people and society.
I do not require additional measures imposed on me to invest in leveraged or inverse securities and would kindly ask the committees and regulators to back off from these types of proposals. They are simply not needed and would harm my overall investment strategy.
Just do not mesh up with the rights investor currently has to invest their money the way they want and not dictated by someone who does not have any right on what I am suppose to do with my money. You have plenty of other things to fix like the loopholes, go work on that instead.
My do not agree with the new FINRA position that would affect my right to invest in ProShares and other funds.
Donna Squillace