Richard Moyers Comment On Regulatory Notice 22-08
We are Americans. We have freedom to invest how we can!
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We are Americans. We have freedom to invest how we can!
I strongly feel that changeing the regulatory rules involving the ability for investors to choose the investments of thier choice would be a disaster. This would only benifit the the wealthy and penalize the small investor. Goverment regulators have a very poor record of getting thing right for the small investors. It is typicially insulting for regulators to think they can manage investment choices better than the individual. We do not need these measures imposed on us. Leveraged and inverse funds are important to my
I oppose restrictions to my right to invest. FINRA should give the public very good reason to restrict any form of investment
I am a financial professional. I used to work for market dealer and I was not allowed to trade options. Leveraged ETFs gave me the opportunity to get some leverage and get a piece of the returns reserved only for big players like Hedge funds and Investment banks. I started trading options after I left the broker dealer. I was fully educated and knowledgeable of how to manage risk. Good market returns should be available to all retail investors. They should not be reserved to Hedge funds and other market dealers.
You have your money we want to be able to get ours.
We not regulators should be able to choose the public
investments that are right for us and our family.
Public investments should be available to all of the public,
not just the privileged.
Not only do we have the right to share our views,
but the regulators are required to take our comments into
consideration in deciding whether to move forward.
Having invested on these funds for over 10 years, I don't feel that the government has any right to interfere with my investment decisions.
While I fully understand the need to have informed investors by placing common investment vehicles such as ESG funds , CEFs, ETF etc. on the list only serves to limit investments from the "common citizen".
In addition artifical barriers such as " broker approval" and tests seem to tilt the landscape toward forcing individuals to use "advisors" who charge fees. We know how well that works with products like annuities which are often hawked to investors based on the fear of loss.
To regulate and restrict those people investing with a smaller amount of start monies while protecting and increasing the growth of dirty monies received by washing and redistributing illegal money, like from politicians who sell votes to the highest bidder or like Pelosi who gets early information known as insider trading, passing it and washing it to become legal.
I am very opposed to the notion that these investments should be restricted. They have been an excellent tool to enhance returns, and restricting them will only hurt smaller investors, making portfolios harder to manage except for the very wealthy.