Nithyananda Narayana Comment On Regulatory Notice 22-08
I oppose the restrictions on my right to invest in public investments like the ProShares/ProFunds.
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I oppose the restrictions on my right to invest in public investments like the ProShares/ProFunds.
Do NOT change investment options. Current warnings each time a leveraged trade is made by service providers is enough.
I am limited enough by regulations with purchases. I understand the risk implications of such an investment but I believe it is my choice. I don't think there is anything more to say.
Please get out of the business of trying to regulate the average guy. If you want to do something productive, find and jail those who are doing insider trading. Leave the leveraged ETFs alone, they are regulated enough.
Trading has recently become accessible to the public via apps in a way it has never been accessible in the past, and I believe that this broad access should continue to be available to all presently qualified people - for better or worse. The burden of responsibility ultimately falls on the individual to understand the risks of their actions and make decisions accordingly, whether it be in trading stocks or any other circumstance in life.
Don't do this! Why do you want to restrict free market capitalism? Do you just want to control everything we do? Get a life! The kind of activity you're trying to restrict is the life blood of our economy. The government doesn't have to control everything!
Please keep leveraged and inverse funds available for us as individual investors. I personally feel these leveraged and inverse funds are particularly important to us as investment options.
It should be none of the governments business what I do with my money after I busted my [REDACTED] to get it we get taxed everywhere from Rotax gasoline tax property taxes we were taxed out the rear end!!!
As a professional investor with 15 years on Wall Street and another 8 years at the US Treasury, I find this stretch to be over-regulation. Investors should have the ability to choose investments and while limiting investment choices makes a sense for some investors, broadening the scope to require additional hurdles and an regulator review is an over stretching. Investing is risky. Investors are provided numerous tools and options to ensure they are making the appropriate decisions.
I believe I should be allowed to make my own informed decisions about investing in any public security. There are ample warnings and notifications in place and to segregate and make one class that is useful in hedging my portfolio harder to access only adds unnecessary and burdensome complications. While it is only a small part of my portfolio,over the past 10 years it is my second best performing asset and acts as a balance to other funds selections.