Mike Fouts Comment On Regulatory Notice 22-08
Now is not the time to start burdening people with more regulations and taxes when inflation is soaring. Voters are already hurting from higher prices on everything.
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Now is not the time to start burdening people with more regulations and taxes when inflation is soaring. Voters are already hurting from higher prices on everything.
FINRA correctly recognizes the rise of retail trading of complex products. However, this is characteristic of financial bubbles and euphorias. The problem is the systemic issues that led to this bubble in the first place (irresponsible monetary policy) - not the retail traders themselves
I should be able to choose the type of investments that are right for me, not the regulators and it should be to available to all, not just the privileged. I am capable of making my own decisions
To whom it may concern at FINRA,
Please do not regulate investment in LEVERAGED AND INVERSE FUNDS
Greetings,
I do not believe that unelected bureaucrats need to be burdening anyone with more regulations. If government officials need anything to occupy their time, perhaps they should begin enforcing the laws against insider trading which are ignored by most of our elected officials. Those of us in the retail trading side of the market do not need any more difficulties forced upon us as we attempt to dig ourselves out of the hole that congress and the FED are getting us into.
I should have the ability to choose which public investments are best for me. Public investments should be available to all of the public.
I should not be required to pass a test or any other special process in order to invest in public securities like leveraged and inverse funds. I am able understand and accept any risks associated both leveraged and inverse funds.
I use leveraged and inverse funds as a small part of my overall portfolio to enhance my returns.
I oppose my right to invest in crypto investment
It should be in the best interests of every American to be able to invest their money how they see fit. I believe each & every one of us have different investing strategies that fit our needs based on our own real life situations. Exactly what is your reasoning for limiting our choices? Is this in response to your belief & that of the SEC that the new wave of investors(youngsters & hipsters(what I call young people-risk takers)). Leave us be.
Please allow small investors to play on a level playing field and stop enriching wall street at the expense of smaller players. I am opposed to FINRA imposing strict limitations on what I freely choose to invest in. I'm a big boy and am prepared to deal with the consequences of my actions. I don't need a regulator telling me what is good and bad to invest in.