Guillermo Guevara Comment On Regulatory Notice 22-08
"I oppose restrictions to my right to invest"
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"I oppose restrictions to my right to invest"
I strongly disagree with this regulation.
Let us make our own investament choices
I am heavily invested in leveraged products as part of my long term investment plan. I am only invested in etfs or etns which reflect indexes or sectors that I am confident will go up over the long term. I am ok with regulators asking investors about income or experience level, but there shouldn't be any sort of ban on leveraged products. We are adults and should have the legal right to trade as we please, just as hedge funds do.
Please make no changes in the regulations involving leveraged and inverse funds. I for one know the risks and need no help in determining the suitability of an investment vehicle for my portfolio.
I have been responsibly investing for years with a complex and diverse portfolio that I base on my own personal risk tolerance. At times, this means I may include products like leveraged or inverse leveraged funds in my portfolio, as they can be effective tools to gain exposure to certain sectors, or conversely to hedge against a downturn in a sector. Of course, as with any investment decision or change in my personal finances, I conduct thorough research and ensure an investment into one of these types of funds is aligned with my personal goals before acting.
Enough already!
We are not children who need your guidance.
Its our money - spend your efforts going after real fraud and leave our investment options to us.
I am an adult of an intelligent age and like all things one is able to do when they are of age, choosing my own investments, employing strategies, and, fully understanding and accepting the risks of a diverse spectrum of offerings, I need the regulators to stay out of my private life.
Our governing bodies should look inward and address their own serious problems. Of the people, By the people, For the peoplePlease acknowledge. WE ARE THE PEOPLE!
I am vehemently opposed to FINRA trying to impose restrictions on my ability to invest in public investments. As an experienced trader, this type of nanny state is absolutely unnecesary and completely and thoroughly at odds with our capitalist system. We all have the responsibilties and rights to learn about investments and to be able to invest unfettered in publicly traded products. Creating regulations like passing a test is a ridiculous attempt to control the free market. I am very imposed to these new regulatory ideas. Thank you.