Stephen Burke Comment On Regulatory Notice 22-08
Do NOT limit or Restrict my right to buy inverse or leveraged funds or ETFS. THANK YOU
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Do NOT limit or Restrict my right to buy inverse or leveraged funds or ETFS. THANK YOU
I object to your interference by regulation.
Economic freedom is a bedrock of the United States. I do not need the government to protect me from myself. This proposal is government overreach.
I have a constitutional right to invest my assets as I see fit as long as I am not mentally incapacitated as declared by a court of law. Has FINRA ever heard of the Bill Of Rights??
Let it be known that we will legally challenge any rule that violates these rights and enjoy the dollar damages assesed by a court of law when we prevail!!
As an investor, it is my responsibility to understand, research and select investments, along with the ultimate risks & rewards. This is the same I would expect of anyone who is investing.
For leveraged funds, it is a critical part of my broad investment strategy, again knowing the full risks, up & down. All fund prospectus's provides clear picture of the investment strategy, history, risks, etc., etc. Anyone investing should be aware of these and many other sources of information to be able to make informed decisions.
Investor not regulators should be able to choose the public investments that are right for investor and their family.
Public investments should be available to all of the public,
not just the privileged.
We shouldn't have to go through any special process
like passing a test before we can invest in public securities, like leveraged and inverse funds.
We are capable of understanding leveraged and inverse funds and their risks. and do not need these measures imposed on us
I 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. 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 fully capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me. Leveraged and inverse funds are important to my investment strategies.
I have been actively trading for for 40 years. I have experience in trading comodity futures as well as stock options. I am fully aware of and accept the risks involved in leveraged and inverse funds.
I oppose any proposed regulations that could limit or restrict my ability to purchase or sell inverse or leveraged funds. I do my own homework, and am aware of the risks involved with these types of investments. It should not be the job of FINRA to protect me from myself.
Thank you.
I should not be asked to pass a test to buy certain securities