Belinda Begley Comment On Regulatory Notice 22-08
I want to make my own investment decisions. I do not want the federal government to interfere with those decisions.
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I want to make my own investment decisions. I do not want the federal government to interfere with those decisions.
The leveraged ETF's are a way for the little guy to make money. One of the big advantages that Wall St. has over the little guy is a plethora of capital at their disposal. The little guy invests with the little extra savings from their paychecks or bonuses. It's almost impossible to build wealth with the little extra savings most Americans accumulate each year. The old saying used to be..."It takes money to make money". Leveraged ETF's has changed that.
I was unaware until recently that you [REDACTED] might be hatching another scheme to interfere with my ability to hedge risk and/or speculate in the financial markets. Even to the regulatory mind it should be obvious that investors either find these products useful or they avoid them, a principle that applies to all the ETFs and ETNs in the marketplace.
Federal regulation over-reach is one of the most dangerous current threats to our country. You do what you think is right for your life and I'll do what I think is right for mine. Freedom to do as we choose is probably the most important right that the Founding Fathers intended. Now FINRA is threatening to make even more inroads to our freedom.
I, not the regulators, 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.
I have been investing in these leverage products for years and hope that you will leave the regulations as they have been.
HOW TYPICAL! These funds only allow people to invest while they will lose money! Now that the FUND DESIGNERS may POSSIBLY lose money, themselves, they cry, "DIRTY POOL!"
The average investor should not have to go through any special process to invest in leveraged and inverse funds.
Leveraged and inverse funds should not be available only to the rich. Any such move would be discriminatory and only increase wealth inequality which is contrary to a free and fair market place.
I oppose the proposed restrictions on leveraged and inverse funds. I am already an accredited investor and my use of leveraged funds make up only a tiny portion of my net worth. I understand the risks and see no reason to restrict access to these and other products. They are already inherently less risky than other readily available products like options, crypto, certain poorly run private opportunities, etc. Let people decide for themselves, we already know there are risks and can choose to make decisions for ourselves. Thanks.
I am strongly opposed to any new regulations that would hinder an investor's ability to navigate today's complex markets. Tools such as leveraged and inverse funds are critical to the ability to hedge a portfolio. In fact, I find the existing rules to be somewhat arbitrary and onerous.
More regulation does not help the individual investor but rather, undermines their ability to mitigate risk and serves only the interests of large incumbent institutions.