Randy Nasworthy Comment On Regulatory Notice 22-08
This will limit the opportunities for everyday workers and individuals and benefit the rich increasing the wealth disparity even further. Please vote down this bill.
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This will limit the opportunities for everyday workers and individuals and benefit the rich increasing the wealth disparity even further. Please vote down this bill.
Limiting my ability to invest in leveraged instruments would be yet another exercise of a "Nanny State." It would also be a restriction of my Free Speech - just as much as restricting my ability to donate (or not) to your patron's re-election campaigns. Leveraged instruments are the key to my investment strategies and financial future. I use them to hedge my other investments. While they are a limited portion of my overall portfolio, they are critical to my strategies.
I Dont limit investments in leveraged funds
The current policy and way of doing things is fine enough in my opinion, so a change would do little to benefit the current system. There seems to be very few reasons for such a drastic change, and I think it would be in the publics best interest to reject and decline such an advancement.
I believe that it is important to be able to exercise my rights in a free society to purchase leveraged funds. I dont have the time nor the inclination to do things like buy on margin or use derivative instruments. I like the freedom to be able to buy leveraged funds so that I can put my own money to work and to willingly risk that it may go down to zero or make me a high return. I dont need the government to act like my nanny and try to take things away from me for my own good. This is a capitalistic and free society and I think it should stay that way.
*I should be able to choose the public investments that are right for me and my family.
*I shouldn't have to go through any special process like passing a test before I invest in leveraged funds.
*I am capable of understanding leveraged funds and their risks. The risks in today's market are higher than in past years; however, I willing to take those risks as the leveraged funds are a limited part of my overall investment strategy, including my 401K.
Please keep this legal
People, not regulators, should be able to choose the public investments that are right for them. Public investments should be available to all the public, not just the privileged. We shouldn't have to go through a special process or pass a test before investing in public securities like leveraged and inverse funds. People are capable of making their own decisions and understanding the risks.
I, as the investor, should be able to choose what investments I want to commit my capital to. As an investor, I should have all available information about an investment to make a prudent decision based on my goals and risk tolerance. Putting restrictions on investments deemed high risk is only favoring those that are approved to trade them. I request that FINRA focuses on ensuring that proper warnings are disabled and sufficient investment materials are made available to ALL investors for these types of investments.
I should be able to choose what is right for me as an adult. FINRA can give guidance but shouldn't block instruments arbitarily. Even private equity investors go horribly wrong so having large portfolio is no gaurantee for sane investment. People like me from middle class rely on long term compunding of leveraged instruments for a sizeable retirement fund. for example there are a whole community which uses long term treasuries as hedge while holding leveraged etfs to combat any crashes. I for example hold 35% each in SSO and QLD and 20% TMF and 10% between TLT and cash.