Dolores Gisonni Comment On Regulatory Notice 22-08
It is wrong and none of their business what I invest in. I oppose any change to the rules. Not far to stop me from making money on them.
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It is wrong and none of their business what I invest in. I oppose any change to the rules. Not far to stop me from making money on them.
Who decides what is "complex"? Isn't that a subjective process? What if a regulatory regime likes annuities because they take the investment options and risk away from the citizen, and declares every other investment vehicle "complex"? Regulators should regulate the processes under which investments are offered and sold to the public, not the investment options available to the public. Making citizens pass an investment test is an over-reach into the freedoms and liberties of the free and open market.
People should be allowed to invest their disposable income however they see fit. I worked for it, gave the government their share, and now you want to tell us how to spend the remainder? This type of regulation will hurt market growth by deterring people from investing as they will no longer be allowed to invest they way they see fit for their long term goals. This also makes FINRA look like they want money funneled to certain types of investments which leads to distrust between FINRA and the investing community.
Apply the rules fairly. If you restrict leveraged and inverse funds apply them to ALL such funds, including bitcoin and other crypto.
If you raise the bar, inverse and leveraged do not need the same high bar as illiquid and opaque investments. The bar should be far short of those for accredited investors.
I, like most Americans I see and speak with every day, have already had more than a lifetime's worth of interference from government do-gooders who think they know better than I do what it good for me.
Small family businesses and free individuals are the backbone of America. Get big business and big government out of our way. You can start by skipping the implementation of imbecilic regulations such as #22-08.
If you want to help, then stop trying to help.
Inverse and leveraged funds are important to me as they provide me a way to protect my portfolio when volatility spikes. It acts as balast when things go too far to one side. If we did not have access to these products, what is the individual supposed to do? Sell off your portfolio then try to time the market and buy in after the volatility calms?
Equal access to leveraged and inverse ETFs should be protected. Anyone with the knowledge, strategy, conviction, risk appetite etc who wants to buy these securities should be able to. Please do not take away this right. It only requires conviction and thought. It shouldnt be a special restricted thing.
As a retiree with long service in paying taxes and abiding complexity. This proposed change
Serves no benefit to citizens making informed choices to invest in public equities.
If value the freedom to access a broad range of investment products that help me build a better portfolio! I want to maintain my current freedom to invest in public securities of my own choosing!
I am opposed to the Government regulations that might limit my ability to invest in Leveraged and Inverse ETF's. There already exists regulation to approve investors accounts to purchase and sell Options. It seems to me that if an investor has already passed this approval step, no other regulations or tests is necessary.