Gregory Smith Comment On Regulatory Notice 22-08
we the people have rights to more then you , stop trying to steap on them ,
For the Public
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we the people have rights to more then you , stop trying to steap on them ,
I have been using these tools for years
FIRNA reps: I invest in leveraged etfs and inverse etfs, along with mutual funds and individual stocks. All these investment vehicles allow me to invest as I wish depending on my needs. The consumers should have more vehicles to invest, never less.
To whom it may concern,
Not regulators-I should be able to choose the public investment that are right for me and mine family. Public investments should be available to all of the public, not just the privileged. I do not have to go thru any special process like passing an exam before I can buy public securities. I am capable of understanding mine investments and their risks. I do not need terrible mesures, imposed on me; when I invest.
Investors should be able to freely buy leveraged and inverse funds. The fund descriptions and risks are clearly spelled out by ProShares and other companies as well as the online brokerages that have warnings when attempting to buy these shares.
I should be able to decide where to invest my hard earned money. The stock is owned by stockholders - not the government. Regulation will just keep those who have lots of money and big business in control of the market while keeping the larger public out of being able to invest where we want to. I already have no income from the company I retired from (not like the good old days) and I use my hard earned money to invest and try to have some income for my older years. Help the middle and lower classes out.
I have understanding of LEVERAGED AND INVERSE ETF. I can handle the risk and invest
Dear FINRA,
I not regulators should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process, like passing a test, before I can invest in public securities. I am capable of understanding leveraged and inverse funds and their risks. I do not want these measures imposed on me. Leveraged and inverse funds are important to my investment strategies and the diversification of my portfolios. I have been using them for many years.
This is unfair and uncalled for to put certain restrictions on this type of investment in our free markets! Please DO NOT restrict our markets and require individuals to prove anything, or be of some certain elite status. This is just absurd.