Daniel Scott Comment On Regulatory Notice 22-08
I believe I should be able to choose how I invest, not the government telling me how.
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I believe I should be able to choose how I invest, not the government telling me how.
This is outrageous. Individuals should be allowed the same instruments as the privileged few. I should be able to choose the investments that are right for me and m family.I am capable of understanding leveraged and inverse funds and their risk. I do not need to pass a "test" to invest in these instruments. I am currently using a inverse fund and it is helping to protect (hedge) my investments.
All my life I have worked so That I might retire comfortably. Not rich, but enough to pay bills and live without any monetary assistance from the Government programs. President Regan once said two things that you should be aware of. Hi Im from the Government and Im here to help. Please leave the cryptocurrency alone.
Like millions of other Americans, I am quite capable of making my own investing decisions. Restricting the choices available to investors is not the right way to approach policy.
Regulators should appropriately respond when bad actors break the rules and regulations, but taking a blanket approach that impacts all investors is just intellectually lazy. You can do better.
I use leveraged funds as part of my investment strategy. I know the risks. I have multiple advanced degrees in technical fields and can calculate the risk and expected value of my own decisions.
leave crypt alone. you ruin everything you touch
This year, as as well as the year 2001, have shown us that stocks (primarily tech heavy stocks) can be hit especially hard with losses. Therefore, everyone who invests should be aware that huge losses can occur and it should be considered a gamble. This is especially true for leveraged and inverse funds. But for the person that has a disciplined approach, large gains can also be achieved. If in any year, the value of anyones investments drops significantly, I do not believe that any agency should be able to restrict their ability to recoup their losses.
I oppose any regulation restricting my right to invest in leveraged and inverse funds!
These tyrannical restrictions will only further to widen the gap between the elite rolling class and the average citizen. It's appalling that regulators would attempt to make nearly emotionally unavailable an avenue for investment that is already difficult enough to enter into without the financial backing and insider knowledge the elite class take for granted. We need less restriction from entering into investment opportunities, not more.
Leveraged funds are an important part of my investment strategy. Information on these funds and their risks are readily available to public investors. Restricting these funds to only a select few would be harmful to the general public.