Angelica Mora Comment On Regulatory Notice 22-08
why do I have to ask for your aproval to invest my money???? it's mine . I earned it . Public investments should be available to all of the public, not just your friends at the elite
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why do I have to ask for your aproval to invest my money???? it's mine . I earned it . Public investments should be available to all of the public, not just your friends at the elite
Principally I use inverse and leveraged funds provide a way to hedge against market downturn or increase the benefits from market movement in one direction. They are not complex... if one reads about how they work and their prospectus they are straight forward to manage. A microwave is complex until you read the instructions. Understanding the risk/reward of these products is not complicated unless one does not know how to read. There may be people who don't bother understanding what they are doing but why should everyone else have to suffer?
I do NOT need the govt telling me how to invest my own money. I have invested in leveraged funds for many years and they have benefited my portfolio a great deal. Stop trying to be my nanny.
I want freedom to choose for myself, I do not need regulation
To whom it may concern:
Leveraged and inverse funds are important to my
investment strategy. I use them on a limited basis and when I am extra bullish or bearish on a trend.
I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed on me.
thank you.
Leveraged funds are an important part of my investment strategies. Involvement of regulators in a person's wallet should be limited, just like their involvement in private lives in general. Furthermore, the paternalistic stance taken by regulators is reminiscent of the approach of the most severe autocratic and totalitarian regimes, where a dictator considers his people too feebleminded to make the right decision.
Why does FINRA contemplate taking up a "mother hen" position with respect to "complex products" such as leveraged ETFs? There are no guarantees with respect to any investment strategy, and it is easy to lose a fortune in any number of market instruments -- including standard stock and mutual fund trades.
To Whom it may concern:
I not regulators should be able to choose the public
investments that are right for myself and my family.
Public investments should be available to all of the public, not just the privileged.
It is very important to me that I be allowed to manage my money myself.
I have the right to share my views,
AND YOU the regulators are required to take my comments into consideration in deciding whether to move forward.
I ask our public bodies responsible for creating and updating our financial regulations to oppose these changes. I am a retail investor and I use these products as a part of my portfolio. I want to have the same investment options as more wealthy and institutional investors. The brokers make clear the risks. Thank you for attempting to control risk and foster responsible regulations, but these changes are overbearing to small investors.
This is an important investment strategy and regulating it away will limit ones ability of upward mobility and learning new investment strategies. I have been investing for 10 years and I will be incredibly frustrated to be denied this opportunity to play the market without having to enable options on my brokerage account which I do not want to be able to do. Furthermore, I trust the fund manager more than myself to make those plays.