Charles Johannsen Comment On Regulatory Notice 22-08
No restrictions on my right to invest. I shouldn't have to go through any special process like passing a test before I can invest in public securities, leveraged and inverse funds.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
No restrictions on my right to invest. I shouldn't have to go through any special process like passing a test before I can invest in public securities, leveraged and inverse funds.
I bought my ProShares positions anticipating a large market correction. I have lost money over the 18-24 months but have chosen to hold the positions because I do believe the crash will occur. In the past I used puts but have always been to early and they expired. My reason for ProShares purchases was because I did not want to have to be right on direction AND timing. I would expect ProShares to reimburse me for any losses if I am forced to sell my positions as it seems we are getting close to a correction.
To whom it may concern (FINRA Regulation):
I am writing regarding pending regulation(s) that are or may be under consideration that may restrict, limit or eliminate the ability of individual investors to buy and sell inverse and leveraged mutual/exchange traded funds. I am writing to voice my opinion on this matter.
Regulators need to stop getting in the way of what they perceive as "risky" investments. With the internet age being in full swing, the general public is more informed than ever about investments. They can protect themselves about investment climates. It would be unfair to not let the general public being able to invest in the same instruments any other entity may be able to invest in. Keep the playing field even and stop kowtowing to the big dogs in the economy. We need to continue to have a free market in the United States of America...not a fascist one.
Leverage is a key part of my investment strategy. Leverage can be done using options contracts, but I do not have the capital to buy the options contracts necessary to reach my goals. I am a college student investing with money that I could afford to lose, so it would be a shame if leveraged and inverse ETFs are removed so that only high net worth individuals can profit off of their insights.
I DO NOT WANT REGULATORS TELLING ME WHAT I CAN AND CANNOT INVEST IN, I AM RESPONSIBLE FOR MY OWN SUCCESS AND FAILURE. KEEP [REDACTED] OUT OF THE WAY!
I do not want the proposed restrictions placed upon retail traders.
I should be able to trade in public investments freely. I am fully aware of the risks with leveraged and inverse funds and should be able to accept those risks without government intervention.
Regulations should only be implemented when my acceptance of risk effects others, like not wearing seatbelts increasing insurance premiums for many or smoking in an elementary school exposing children to hazards.
Please don't stifle crypto. Let it evolve to great heights. It will be the future. Let America catch up to the rest of the world.
I oppose restriction to my right to invest. I should be able to choose how to invest for me and my family regardless of my social status. Although I do not currently invest in such investments, I have in the past and may wish to in the future. What I do with the money I have earned is my responsibility, not some regulators. There are already far too many unnecessary restrictions on our activities. This country was founded on freedom of expression and action and it should stay that way.
I feel I should not have to go through any special process like passing a test before I can invest in public securities, like leverage and inverse funds. I am perfectly capable of understanding leveraged and inverse funds and their associated risks. I do not find it all necessary to have these measures imposed on investors like myself. Leveraged & inverse funds are a very important part of my personal investment strategy and they help me hedge my investments and seek enhanced returns. I take offense with regulators telling me what investments are right for me and my family.