Johannes Benjamin Comment On Regulatory Notice 22-08
I want the right to make my own investment decisions.
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I want the right to make my own investment decisions.
Dear Sir or Madam,
Please oppose any restrictions upon my right to invest as I determine are in my best interest. I am in a better position to decide what investments are right for my family than any regulator. Leveraged and inverse funds are an important part of my investment strategy and should be available to all people. This country has thrived among many nations because of the freedoms inherent to its people. Do not restrict the freedom for which so many Americans have fought and died.
I have been very successful investing and trading with complex instruments and I have no formal investment training. Imposing restrictions on my ability to invest in these vehicles and making them only available to a select group of investors will harm me and many others that invest. The addition of pre-investment testing, certifications, training, or cooling-off periods are a deeply unnecessary restriction on the small investor. I have built a successful trading strategy around leveraged investments and restrictions like this will cause me financial harm.
I oppose segregation and classism. Proposals to restrict trading for some citizens and not others is a horribly discriminatory and should not be enforced. I oppose regulations that would restrict the average investor from using products such as ETFs. especially if they are restricted to use by the wealthy only. IMO that would perpetuate class division.
it is unnecessary and a clear attempt to drive up costs for the investors by increasing dependence on paid financial consultants - you exist to serve the investors NOT those selling services. Please work at reducing regulatory burdens on investors and concentrate on keeping financial consultants and corporate Board members working for the investors and staying true to their fiduciary duties.
Leveraged and inverse funds are important to my investment strategies because I dont do futures or options.
I'd like to express my disagreement with the rule that would restrict access to certain investment strategies to only the privileged. If we're to maintain a free and fair capitalist environment by allowing everyone the ability to place their money in the markets, wherever they should be, should be allowed.
Leveraged ETFs are a simpler way of safely leveraging up a portion your stock and bond allocation compared to a margin loan or pledged asset line. I am for the continued existence of 2X and 3X leveraged ETFs so I can set my own asset allocation.
I object to the restrictions the Government wants to place on these type of investments.
It's just another example of the government saying it knows what is best.
why should faceless regulators tell me what I can or canot invest in?