Jerome Loy Comment On Regulatory Notice 22-08
I oppose regulations that cut back my ability to invest in what I wish to invest in is not the government's business
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I oppose regulations that cut back my ability to invest in what I wish to invest in is not the government's business
I have seen countless people, both in my personal life and on the internet, lose money investing in complex financial products they never understood. Many times no explanation at all was available, and there was almost never a test to see if they could understand and retain an explanation if one was provided. I am only in my mid-twenties-- these people are meaningfully worse off for the rest of their lives. Please rein in the sophisticated salesmen of these financial products.
These leveraged and inverse funds allow me to hedge my portfolio and run long/short portfolio without options or margin. Investing should be available to all of the public not just the privileged. How about you start by regulating members congress and central bankers for insider trading. More regulations rarely fixes anything you will just cause more problems.
I am infuriated about the current proposed FINRA Rule #22-08! I, not some buerocratic regulators in Washington, D.C. should decide where, when and how I invest my money. It is my money, that I have earned and that I fully am aware of the potential risks, pitfalls, benefits, and otherwise that I put myself in when I invest in any investment - traditional or otherwise. I should not need to jump through hoops or meet criteria that people who don't know me set to be able to invest my capital.
The government should not be creating protected groups which have more rights than any other group.
What makes are American economy and stock market great is the ability to choose how we invest our time, talent, and of course money. For many the idea of growing assets through investments is a beautiful mechanism and the reason we wake up ready for work every morning. I love the financial industry and have worked in it for many years. When working with clients, I always try to follow the rules and regulations set forth by FINRA and the SEC. These are both fine establishments attempting to maintain order in sometimes a chaotic world.
Please allow the the public to invest as they please. I oppose restrictions on leveraged and inverse funds.
You have no reason and no rights to make someone submit a test to invest in companies. Along with that, ask someone to show their networth and be worth over a certain amount. This is a capatalist country. Lets keep it that way!
I am opposed to restrictions on my right to invest in public security's.
Individual investors should have the same access to all kinds of securities including leveraged and inverse funds as institution investors in a free market. I understand how leveraged and inverse funds and their risks. I am fully capable of managing my own money and making my own investment decisions. I do not want and need to take a test to approve myself to anyone.