Pavan Penkey Comment On Regulatory Notice 22-08
Don't be a nanny state, we don't need daddy government to tell us what we can and what we cannot invest our resources into. If idiots make bad decision, let them wither. Survival of the smartest?
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Don't be a nanny state, we don't need daddy government to tell us what we can and what we cannot invest our resources into. If idiots make bad decision, let them wither. Survival of the smartest?
NO REGULATION!!!
Please DO NOT over regulate.
Leveraged and inverse funds with high volatility fit my swing trade strategies quite well, as well as my option trade schemes. So I very much want to continue trading in this manner unhindered.
Thanks.
Dear FINRA Regulators,
I believe restricting investment opportunities to the average investor damages public trust in the market's equality, something I already have concerns about. Large organizations already have key advantages in the market on the breadth of data, market timing and trade execution. By the act of choosing to invest through a platform or broker it is already assumed and advised that the investor carries risk, and the complexity of the investment doesn't necessarily correlate to that risk. I am all for investor education and informational warnings.
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
Leveraged and inverse funds are important to my investment strategies. They help me protect my investments and seek enhanced returns and I use them as a limited part of my portfolio.
This is nothing more than economic discrimination, reserving the capital appreciation potential of leveraged instruments exclusively to the wealthiest investors. This is a free market, so let's keep it that way.
I am self-educated through independent research analysts and practical experience and accept full responsibility for the outcome of my investing activities. Please don't "protect" me.
Stop focusing on how to limit the market. Instead focus on how government officials can get away with inside trading.
Do not restrict our choice of what to invest in. You need to look deep into your own failings to enforce regulation we already have especially for the big boys. You need to watch the documentary China Hustle.
I want to express my public comment that I am not in agreement with proposed FINRA regulations to restrict my right to acquire leveraged and inverse funds.
I understand how these funds work and am well aware of the he risks associated with investments in these funds. While I have experienced losses in these kinds of investments, they have provided me with investing options that have helped me build wealth. I have used these funds for investing for at least 15 years. There are risks with all investment options. And I am well aware of the risks.