Randy Reyes Comment On Regulatory Notice 22-08
Good afternoon,
I completely oppose this proposed regulation that will limit my investments.
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Good afternoon,
I completely oppose this proposed regulation that will limit my investments.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST My education - a Ph.D. from a university in the U.S. and mathematics as my Bachelor Degree's minor subject, I am capable of understanding leveraged and inverse funds and their risks. I - not regulators - should be able to choose the public investments that are right for me. I shouldn't have to go through any special process like taking a test before I can invest in public securities. There is no need for any measure imposed on me. Public investments should be available to all of the public, not just the privileged, not just the selected ones.
leveraged funds are a important hedge strategy in our investment planning with market volatility. Why regulators would want to restrict investment in these instruments makes no sense. This is just more restriction on our rights and is most likely unconstitutional, under the guise of government protection. Current warnings about investing are totally sufficient. Advice about investing using a fiduciary is the best way to prevent uninformed investors from making uniformed investments.
I should be able to choose the public investment that right for me .
I am a simple accountant from Long Island, NY. I have been investing in inverse ETF's for 13 years. In 2009 I left a low paying job as a tax auditor for the Pennsylvania Department of Revenue. They cashed out my accrued pension benefits, which were worth $6,500. I deposited this money into a traditional IRA rollover account with a broker in February 2009. I invested 20% of the proceeds in a Proshares leveraged long index structured product and 80% in a Vanguard index fund.
We do not need more regulations on investment
Hands off my CRYPTO!
I have been using leveraged funds to invest for the last 10 years and it would be very sad if it was taken away. There are plenty of warnings of what the risks are. Why take this away and punish investors who rely on these funds?
I oppose any restrictions to my right to invest in public investments. It is up to the individual investor what risks they are willing to take. Regulators have no business telling me what is good for me.
I am an individual investor that has used leveraged and inverse funds for decades, all chosen by myself. I do not need to be "vetted", particularly by a government bureaucrat.
Me not regulators should be able to choose the public investments that are right for me and my family.
Public investments should be available to all of the public, not just the privileged.