Matt Hyde Comment On Regulatory Notice 22-08
Please do not take away my rights to make my own investment choices. Leverage should not be limited to only a certain class of investor.. keep the markets free and fair.
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Please do not take away my rights to make my own investment choices. Leverage should not be limited to only a certain class of investor.. keep the markets free and fair.
This really stinks for investors.
Keep your hands off feds!
Go regulate nancy pelosi and joe biden!
Sirs: I oppose the restrictions and measures FINRA is considering regarding who may purchase "complex products". I support all investors' right to freely access the entirety of the public securities markets without arbitrary restrictions. Do not discriminate among "classes" of investors. Do not "hand pick" and "judge" those among us who are "allowed" to invest. Upward mobility should be protected and encouraged, not discouraged and limited only to the "qualified" in a free capitalistic system.
I don't need any gubmint regulator telling me what I can or can't buy. How about you investigate the naked shorting and other misbehavior?
To Whom It may concern:
I have successfully been investing in ProShares leveraged funds since 2012, over 10 years. Investing in the leveraged funds has enabled me to achieve an above average annual return. The wealth generated from these investments has largely been in a tax deffered Profit Sharing Plan and an IRA.
They provide me with a greater sense of mental well being, which carries over to my physical well being.
I believe this Federal Government overreach. It is a SOLUTION FOR A NON-EXISTING PROBLEM THAT CREATES A PROBLEM.
I'm just a lower-middle class investor. For the most part, the general public should be allowed to invest in inverse and leveraged funds as long as the companies providing them aren't out to scam the public with unreasonable and/or suspicious tricks. If there is something unusual about a fund, a brief-to-the-point and clear explanation, avoiding double-negative language, should be mandatory (egs. information about excessive costs/fees/commissions; other unusual risky characteristics about a fund).
Stop regulating money. Every time you regulate money, you simply give one company a leg up over others. Stop it. This is not your purvue and it is unconstitutional.
Choosing investments, even if leveraged, should be the free choice of individuals. Please do not consider legislation that will limit choice in the market.
I have the unalienable right to make the risk-reward analysis on investments for my account. I believe I am better qualified to choose investments that are best for me and my family. High net worth is the only measure of a citizens' ability to access the risks-reward balance of leveraged and inverse funds. One's education, business and life experiences are significantly more important than subjective third party regulator text book tests.