James Worrall Comment On Regulatory Notice 22-08
To whom it may concern,
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To whom it may concern,
This is not where regulation is needed. This is government overreach on our ability to analyze our own risk tolerance.
It poses a severe threat towards market fairness. It's like locking people in home because of COVID-19 . Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged funds are and how they work. Also, the liquidity will be severely affected if it is passed.
Please do not restrict which funds self-directed investors have access to. Publicly available funds should continue to be available to the public. This change would severely hinder my investing objective. Please do not hurt the individual investor with this proposed change.
The only regulation investors need is for complete disclosure of the terms and broad discussion of the risks of complex investments. It ought to be up to them to decide how to invest, what risks to take, and which vehicles to use.
As a professional economist with over 30 years of experience, I see no legitimate purpose for Regulatory Notice #22-08.
I an very opposed to any regulatory limits on my current abilities to participate in complex ETFs and investments.
I have been involved with these investments for many years and am familiar with their risks and do not need any extra regulations to guide me. Placing these limits will significantly impact my retirement planning and financial future.
Please desist from imposing them.
I invest in inverse and leveraged funds often. I am not a professional investor, just an average American. I do my homework, and make my own financial decisions. The US government does not hesitate to tax me on my success. Please dont restrict my ability to generate that success, by restricting my a access to these type of investment vehicles.
Im opposing restrictions to leveraged and inverse funds.
I strongly oppose these proposed restrictions on my right to buy and sell investments as I choose. Don't impede my ability to act with bureaucratic testing and trying to impose requirements with the general terminogy of "complex trades", cooling off periods, testing (really?), prove my net worth, training, etc. I shouldn't be required to tell you I'm smart enough to trade in public funds nor tell you how much money I have!!!!!!!
I do not need regulators to protect me from myself. My investments are my own decision. Stop this nonsense and do something productive.