Douglas Stuart Comment On Regulatory Notice 22-08
I don't need a US financial agency telling me how to invest my money.
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I don't need a US financial agency telling me how to invest my money.
PLEASE do not take away ordinary retail investors' right to trade these products. There is an inherent risk in any investment. People who participate in the market should be able to assess for themselves what level of risk they want to take on. If they don't want the risk, there are plenty of other vehicles to trade. Most importantly, these products are the only way ordinary investors can hedge their portfolios on the downside.
I am a Certified Financial Planner with 30 years of experience. These producs must be allowed to be traded by the open public. Any restriction is bad for the markets and the consumer. It is up to the consumer, not the government to make these decisions. There is more than enough information available to consumer regarding any potential risks. They can asses the risk themselves.
I OPPOSE RESTRICTIONS TO MY RIGHTS TO INVEST. Unequally applied regulations/laws, as well as attacks on Freedom of Speech/Religion/Gathering are unlawful/unconstitutional and need to be thoroughly examined and disciplined according to the law/constitution. "Regulators" are not the law or above it and need to be held accountable to do their jobs. Go after true corruption at it's root. Start with Insider Trading within the Political and Executive class.
I not regulators should be able to choose the public investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
I acknowledge the risk and is my decision to invest in whatever I deemed appropriate for me.
Thanks
I oppose restrictions to my right to invest in leveraged and inverse funds! I have been investing in these funds for years and I understand the risks of these funds just like any other investment.
I feel it is discriminatory to have to go through a special process like passing a test before I can invest in leveraged and inverse funds. In finding these funds and evaluating them to invest my money I have inherently proven that I understand these funds and their risks.
The measures proposed would limit my ability to grow my retirement funding and provide for the long term security of my family.
Just because some people don't understand the risks involved in owning leveraged ETFs is doesn't mean that everyone else shouldn't be able to invest in them. Some people don't understand the risks associated with driving a car, yet we still allow that. You can't fix stupid, stop trying.
I oppose this! It's my money, and I should be allowed to invest as I see fit. I have a degree in Finance from Georgetown, worked for EF Hutton, and fully understand leverage and inverse funds. These tools are essential for hedging risks in my portfolio.
Pls do not trample my rights.
Dear members of FINRA,
Although I do believe it's prudent to have educated public investors who want to partake in investments that are more complex than single stocks, it is extremely unfair to deny public investors, and only allow individuals who demonstrate a high net worth, access to more complex products that can be used to hedge one's investment risks in today's market. It will further divide the income classes and curtail upward economic mobility.