John Ciccolo Comment On Regulatory Notice 22-08
Restricting access to a financial instrument that allows investors an efficient means of hedging market risk makes no sense.
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Restricting access to a financial instrument that allows investors an efficient means of hedging market risk makes no sense.
To whom it may concern:
It has come to my attention that FINRA is considering significant and severe restrictions on my right to select my own investment vehicles. I don't need "a parent" to oversee my investments and protect me from myself. Candidly, I think this is an overreach of government powers. I am an experienced investor with a background in the financial services industry. I am very aware of all the risks of investing, from "normal" to leveraged. Are you going to take away margin also?
Please stay out of my investing decisions.
My brokerage firm required me to listen to a statement detailing the potential risks for options before I could start trading them. Since options can similarly be used to achieve leverage or inverse returns, I think this is a reasonable requirement for trading in leveraged/inverse funds. At the end of the day, higher expected return comes hand in hand with greater risk. If a given investor isn't aware of this, the issue isn't that they're trading in these products but the fact that they're trading in the first place.
keep off are rights..........................................
I oppose any restrictions in investing in these types of funds.
Absolutely not on proposed rule S7-24-15
We are perfectly capable of making our own investment decisions without government oversite
I should have the right to full and unabstructed access to all public investments, without a special process or requirements to take full advantage of leveraged and inverse funds as part of my investment strategy.
My ability to maximize my potential gains and use strategic methods to protect and mitigate potential market fluctuations should not be restricted.
Please don't do this, we use these products because we know what we're doing, and they're valuable financial instruments!
The United States has thrived under the idea that everyone should get a fair shake regardless of color, background, or profession. Investments are part of that deal and should be respected no matter what