Alexander Fischman Comment On Regulatory Notice 22-08
Let investors chose the funds they chose to invest in. If someone wants a leveraged fund it is the individuals choice!
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Let investors chose the funds they chose to invest in. If someone wants a leveraged fund it is the individuals choice!
I have reviewed this proposal and am completely against it. Restricting investment is a sure way to continue to bring the market down. I also question the logic of enacting something like this AFTER the market has gone down 20% due to other failed policies by this administration seems like a sure fire way to attempt to keep the "peasants" in their rightful place.
If this is enacted, it will keep those that lost when the market went down from recovering those assets when the market returns to normal.
The concept that individual investors should not be allowed to manage their investments as they please is one of absolute corruption and an untenable position for anybody with even a vague sense of personal liberty. For this reason I am strongly opposed to this proposed regulation
I found out about FINRA's proposed restriction on purchase of leveraged security products. Personally I am against any restrictions on which investment products I can choose. I trust the current disclosure based system. Your proposal will negate this and it will hinder ability to freely choose investment products for common investor like me.
I believe that individual investors should be able to invest in various financial instruments at their own discretion. Investing with our own money should not have to be baby sat by any regulatory agencies. I am completely aware of all risks associated with leveraged ETFs and have been able to work through many market conditions trading in and out of them.
I want the freedom to invest my money how I choose. I dont need regulations on my money. America is a free country.
Im fully capable of making my own financial decisions without the need to be protected from myself by anyone ! Ive been successful all of my life without unsolicited advice. Leveraged and inverse funds help me to hedge and out perform better. Leverage funds allow me to react quickly to changing market conditions. This is a valuable tool I use and have for over twelve (12) years. The prospectuses give all you need to know about the risks associated with leveraged funds. Please dont put unnecessary roadblocks in my path because someone will not research their investment.
I oppose restrictions to my right with how to invest my own money. Government should put its efforts in catch cheaters not wasted on honest investors. Where to put my own money is important like my free speech right. If I prefer to put my money in which pocket that should be my decision, even that pocket could lose money.
As an investor, I am opposed to the additional regulations proposed in Regulatory Notice 22-08 restricting access to certain complex products.
There are sufficient requirements to provide information on the behavior of these investments and more than enough regulation on broker dealers to supervise the purchase and trading of these instruments.
I object to the proposed regulation that proposes to limit my access to certain investment vehicles. I consider any paternalistic regulations purporting to protect my interests as an invasion of my right to make my own investment decisions. In the matter of the leveraged and inverse ETFs being suggested for regulation, note that each presently carries declarations and warnings to investor. We need that type of disclosure but we do not need a governmental babysitter to decide which investment vehicle we choose to use.