Michael Loiselle Comment On Regulatory Notice 22-08
Once again, Government overreach!!! You destroy EVERYTHING you touch! Stick with deciding if your a man or a woman and leave AMERICAN FREEDOM alone!
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Once again, Government overreach!!! You destroy EVERYTHING you touch! Stick with deciding if your a man or a woman and leave AMERICAN FREEDOM alone!
It is not fair to restrict ordinary trader's rights to choose their investment vehicles. We are fully aware of the risks and awards. To many people, this is the only way they can make money.
FINRA should not be restricting leveraged products since it allows retail investors to easily access strategies and products that can produce outsized gains. These strategies are normally only available to professional funds and traders that can access swap markets. While FINRA considers it is "protecting" the retail investor, it only creates more of an unfair advantage in the market for professional traders vs retail. Thus, continuing the wealth gap between wall street and main street. Let free markets be free no matter the size of the investor!
As an individual investor, I should have the flexibility to invest as I choose in the same financial instruments - as, for example, inverse funds - as hedge funds or those of "extreme" wealth. It seems that FINRA seeks to award advantages and privileges to the few (and insiders) and shut out individual investors. I accept market risk. Participating in the market - by definition - signifies the acceptance of this risk. The greatest tool to control extraordinary risky behavior already exists: margin requirements.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. Do not interfere with my investment choices.
I should be able to decide my own investments, not a bunch of regulators. Regulators just like to make everything more difficult for us law abiding citizens. It is the government that needs regulating, $30 trillion in debt, law enforcement agencies that constantly skirt the law for the privileged!
I've made money from $BOIL, $SQQQ, $UVXY, $SPXU, $TQQQ, $DPST (leveraged ETFs) I would like my voice heard. This is not in the best interest of retail investors. Taking these options away.
Dear FINRA, I am an individual investor who has done thousands of trades almost three decades and am fully aware that I am responsible for my own investment decisions. I have absolutely no problem with that. The problem that I WILL have is if you remove or severely hinder my right to make my own life choices. This is not Putin country.
I use leverage funds to provide upside exposure without taking on the added risk of buying on margin. When I buy a leveraged ETF I can only lose the amount I've invested in that ETF. I do not open myself up to the risk of a margin call. I should be able to assess my own risk and make my own investment decisions. I have been investing for 3 decades and been through many market cycles most notably the dot com bust, the Great Financial crisis, the COVID pandemic.
More and more, citizens like myself, who have a desire to trade markets, find that our choices are being limited because some have decided that amateur traders aren't as wise and not capable of making good decisions. We most certainly understand the risk involved in trading, especially when trading leveraged funds, but the gains can be rewarding enough that we practice due diligence in learning the skills needing to trade effectively and successfully.