Robert Ackart Comment On Regulatory Notice 22-08
We are adults and can handle these products. Go regulate cryptocurrency.
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We are adults and can handle these products. Go regulate cryptocurrency.
Hi FINRA,
I'm mildly opposed to a regulation banning "complex" financial products if it ends up covering things like 2x or 3x index funds (or even inverse funds). I can imagine folks getting themselves into trouble with these, but no more so than they already can with options and futures. I guess it's a bit worse insomuch as someone get get these funds in a regular brokerage account w/o jumping through any hoops, but it's my impression is that with robinhood and such, that cat is already out of the bag.
I believe each person should be free in choosing their own investments whether to their profit or detriment. Dont keep good leveraged and inverse funds from the common people that can benefit from them. Its better to have too much freedom than too little.
This is an overstep by the regulatory authority. Investors should be able to continue to purchase inverse and leveraged funds. This is an infringement on the basic rights of investors. People who purchase these types of funds obviously have the knowledge of what they are doing. If your concerned about lack of consumer knowledge then have them sign some type of form that they acknowledge the risks associated with this.
Please Do not restrict our ability to buy or sell any type of security . There is no reason for this and you never restrict the big money from doing what ever they want.
Thank You
There is absolutely no reason to limit ownership of leveraged and inverse ETF's. "Government is best that governs least, because the people discipline themselves". - Jefferson
Leveraged and inverse funds are an important segment of my investment strategies. They allow me to hedge my investments and a the same time provide me with the opportunity to seek enhanced returns.
Dear regulators,
I have been investing in leveraged and public funds for a while and I have enjoyed that flexibility as an investor. The proposed restrictions on these funds and public investments infringe upon the rights of individual investors such as myself and deprive me of the same opportunities as other larger players in the market under the veil of protecting me and people like myself from funds deemed too risky. I believe that these restrictions unreasonable, designed to tip the scales in the favor of bigger players in the market, and I oppose them unreservedly.
I have been investing in the stock market for 50 years. Do not restrict me or tell me what I have to do re: leveraged and inverse funds.
I urge you not to update investors options on vehicles, etfs and mutual funds, that restrict options to only those deemed acceptable to regulators, ie, un-elected officials. Inverse and leverage products are not complicated and a person should not be restricted by the potential of their own mistakes or incompetence. They are great tools to balance a portfolios risk profile. Plenty of bad actors in the investment world, focus there.