Marlene Buntenbach Comment On Regulatory Notice 22-08
We need them to stand up for Americans and our future
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We need them to stand up for Americans and our future
This opens the door to a sticky path where regulators have the power to pick what's right for me and my family. That should not be the case. Public investments should be available to all of the public, not just the privileged.
I resent the thought that I cannot choose for myself what investment products work best for me. And I find it insulting, manipulative and corrupt that only those with privilege (high net worth investors) would be allowed to use these trading vehicles. I use these types of vehicles to hedge positions as well as to take advantage of down movements, since I can not use options in my IRA account. I don't need a mama or some Big Brother organization trying to assume parental type authority.
I have been a holder of TBT as an inflation hedge against higher interest rates for a while now. The position has been profitable and is becoming even more profitable with recent rate hikes. I am a long term investor and want to be able to choose my investments that I feel are suitable for me, I do not want my choices dictated by someone else. My trade was unsolicited and made with the full knowledge that I could lose money if rates went against me. It is a small measured position and will not impact my overall portfolio in the least.
It is well within my rights to be able to determine the risk I'm willing to entertain with MY money.
I use leveraged/inverse ETFs to hedge my portfolio. I don't need to partake in any special process or pass any tests to do so, and I don't appreciate the nanny state trying to limit my access to ANY investment, wise or not.
Educate, yes.. Limit, No..
I expect to have the freedom to invest my money in the public investments of my choice. I shouldn't need to go thru any special process or measures being suggested by FINRA. As a average investor I feel informed and aware enough on the risks of these investments as such and should not need to prove that to anyone.
This is huge overreach. Please allow me to invest as I see fit.
Stop trying to take away our source of income. I trade QQQ and SQQQ specifically and that is our family's income. Stop being greedy. Your PDT rule already keeps people from making money on their own
Hello,
I oppose restrictions to my right to invest. It is my money and I should choose what I do with it. Regulators should not choose how I invest, only I know what is best for me and my family and such restrictions set by regulators would impose my freedom to do what I choose with my hard earned money.
First let me say that I am a Roosevelt supporter (Teddy and FDR), not anti-government.
I have traded ProFunds, which offers shorts and leverage, for about ten years. ProFunds is my favorite fund family.
I do not have an advisor or broker, and I never have or will. Common knowledge is that advisors underperform markets by the amount of their fees.