Keith Waterman Comment On Regulatory Notice 22-08
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.
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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 have invested in leveraged funds for the past several years. I have lost money and I have made money. Same is true in the broader stock market.
My ability to invest in securities should not be regulated. The focus should be on regulating the providers of these funds to make sure they disclose all the information required for me to make sound decisions.
This is special interest lobbying to keep the little guy down. Do not want.
By restricting access to investment strategies that are readily available to wealthy investors through OTC products, FINRA would only be widening the wealth gap between the 1% and the 99%.
Education and not regulation is the answer!
It does not make any sense to try and make it harder for the common man to invest in the very vehicles designed for them in the first place. An ETF was originally made by Morningstar to make it so anyone could invest without having to have extensive knowledge or even actually knowing about investing. And now you want to undermine this? This tactic is nefarious and you all should be ashamed. Maybe get some trading skill of your own if you can compete with the average Joe and his ETF.
This rule is [REDACTED], and something that should never happen in a free market society.
Doing this would cause massive shareholder panic and possibly liquidate my investment. The market is based on perception today, and a fund that is difficult to buy into is one that will be avoided. All investors should have the right to chose any vehicle they like with the fair market place.
Please don't limit our choices.
The recent market volatility has nothing to do with people buying leveraged or inverse funds. It is the result of Fed actions, world events and mutual fund redemptions.
Please do not make us bear that burden.
It is not fair to limit the publics ability to invest in these funds.