Sriram Vidyarthi Comment On Regulatory Notice 22-08
Dear FINRA Regulatory Team
I oppose limitations on my investments strategy or choices and I do not need any measures imposed on me due to the following reasons:
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Dear FINRA Regulatory Team
I oppose limitations on my investments strategy or choices and I do not need any measures imposed on me due to the following reasons:
I've been investing for 20 plus years. I Have a college degree in finance and economics. I have the right to invest how I see fit, and should have the opportunities awarded to every other investor and fund manager. We don't need any further regulations meant to "protect us". We all know that's just a [REDACTED] excuse.
Stay out of my Life. I don't need you telling me where to invest my money.
Its a free country, we should have the freedom invest in anything we want! I can take care of my own money!
I would like to know what prompted this decision ? Since leveraged and inverse funds are publicly traded I should be able to make my own decision whether to purchase these funds or not. I don't need to get special training or show competence to trade what I want. The whole last year, the ONLY fund I have used has been TQQQ. If this regulation is passed, I pretty much have to stop day trading, and that is NOT what I want to do.
I - not regulators should be able to choose the public investments that are right for me. 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 securites, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need regulators imposing these measures on me.
Stop infringing on the publics rights!!!
I quite often trade and invest in TQQQ, a triple leveraged fund. I believe that it is my fundamental right to invest as I please whatever strategy works best for me in any market condition. I would hope that FINRA would not restrict the buying and selling of this fund in any way.
It has been a matter of great satisfaction over the years to see how the cost have decreased and the options have increased or individuals who personally invest. Much of this has arisen as a result of competition in the markets and individual investor interest.
As a regular retail investor, my sole activity involves using leveraged and inverse ETFs and ETNs that are designed to track volatility either long or short. I trade and/or hold these products both buying long and selling short, and buy and sell options on them. Taking away my access to these would set to waste the 12+ years I have spent studying and refining my strategies and would completely destroy my family's livelihood. My diligent work as an investor and trader is my only vocation.