William Rupp Comment On Regulatory Notice 22-08
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. I have used leveraged funds during the past 5 years to acquire enhanced returns.
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I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. I have used leveraged funds during the past 5 years to acquire enhanced returns.
A person who would like to invest money they have earned should be able to invest in any way they see fit, without the need to take special tests or courses, or have additional imposed restrictions based on net worth or any other financial regulation that limits how or where they choose to invest their money.
I strongly oppose the effort of regulators to limit my ability to purchase leveraged or inverse investments. I am educated and well aware the risks of purchasing such products. As the last 5 months have dramatically proven, these types of products, like any stock, has the ability to go up or down significantly.
I understand the risks involved in investing leveraged and inverse funds and shouldnt have to go through special test to be eligible. These funds help me with my investment strategies. I oppose this restriction and would appreciate that this be not enacted.
It was brought to my attention that you would like to regulate leveraged & inverse funds. I feel this will impeach on my freedom to use and invest my funds.
The federal government has no right to dictate what investments should be made and when. Account minimums, investor accreditation and other measures that bar people with net worths lower than those deemed "acceptable" is not at all what this country was founded on. DO NOT TAKE MY INVESTMENTS. Investments in cryptocurrency are investments in the future, just as buying Apple stock is to anyone else. To enact further restrictive policy on those who are already restricted in their ability to better themselves financially should be a crime and you should all be held responsible.
I am an ordinary investor, with a regular day job. I do not have time to take classes or tests or extra regulatory hoops in order to manage my portfolio, and yet I am perfectly capable of understanding that some investment vehicles are more risky than others.
People don't need you to hold their hands!
I was born in the 'Land of the Free'. I don't want to die in the land of the over-regulated. If you can't make, and live by your own decisions, there is no point in living.
"Give me liberty, or give me death."
I should have the right to choose investments that I want and not be restricted by any sort of test, be it knowledge or means. Regular investors should make their own decisions on risk/benefit.