Narinder Bajwa Comment On Regulatory Notice 22-08
I oppose restrictions to my right to invest.
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I oppose restrictions to my right to invest.
I oppose these restrictions on my choices, I do not support this.
I am strongly opposed to the proposed FINRA Regulatory Notice #22-08, that will limit my ability to buy leveraged and inverse funds. I should be able to choose my public investments without interference from regulators. I am more than capable of understanding the risks involved with leveraged and inverse funds. I do not need regulators looking over my shoulder, or telling me what I can, or cannot invest in. My investment portfolio is very diverse, and includes leveraged and inverse funds, as well as other investments for an outstanding overall portfolio.
I oppose restrictions to my right to invest.
Please do not regulate my freedom to invest money in ways that are best for my family.
It's absolutely unreasonable to try and take away from the individual investor the ability to access leverage in (arguably) a safer way than using margin loans. If institutional investors have access to total return swaps, retail investors should have access to leveraged ETFs. If people make bad decisions and lose money, at least they're only damaging one life. Not the millions that institutions damage when they borrow money and make bad choices.
It is not the regulator business how I like to invest my money last I remember I live in a free country
Individual investors have been excluded from the advantages of large trading firms and lawmakers. Taking away individual investor RIGHTS to invest in leveraged & Inverse funds is just another ball & chain on individuals in their strides towards financial independence from Government. If an individual had invested in a triple leveraged S&P index fund for the last 10 years, they would have gained "roughly" THREE TIMES what an investor gained investing in a "normal S&P indexed fund.
I oppose this unnecessary regulation. This is just a way to stop people from being their own money managers and to unduly force people to use shady financial advisors. Apps like Coinbase, Robinhood, Acorns are amazing because they allow the little guy to enter the market who maybe doesnt have enough to open a brokerage account with a big bank or pay a financial advisors fees and doing this would be going in the opposite direction of the trend. What side of history do you want to be on?