Ian McCormick Comment On Regulatory Notice 22-08
Comments:
Regarding inverse and leveraged ETFs: I feel they both are important tools for retail traders, especially novice traders inexperienced with traditional short-selling and options.
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Comments:
Regarding inverse and leveraged ETFs: I feel they both are important tools for retail traders, especially novice traders inexperienced with traditional short-selling and options.
As an informed investor, let me have the freedom to continue on to invest in leveraged and inverse products. Yes, investment is not without risk, but why should certain firms have more access than an individual investor?
Do not block retail traders from making money under the auspices of "this is because you are too stupid and poor to be allowed to invest on your own." This proposal is insulting and transparent.
"Special tests" to invest is classist and racist. You are trying to block minorities and anyone who can't afford the time and money you determine is "enough to qualify" as a "qualified investor" from participating in the market.
Discrimination like this will never be tolerable.
please do not add red tape to a market that is functioning quite well and provides an inexpensive way to accomplish certain investment strategies.
I wish to continue investing as see fit. If I choose to invest in what are considered risky investments as crypto's, leveraged funds or IPO's it is my business. I do not want a regulating body limiting how I invest my money.
We shouldn't have to go through any special process like passing a test before we can invest in public securities, like leveraged and inverse funds. We are capable of understanding leveraged and inverse funds and their risks. Regulators do no need these measures imposed on us. We not regulators should be able to choose the public investments that are right for us and our family. Public investments should be available to all the public, not just the privileged. Leveraged and inverse funds are important to our investment strategies.
The social contract is already in tatters; if you do this the financial sector and government will be vilified even further!
Hi A decision like this would have a terrible outcome. Its another way to remove freedom and opportunity from THE PEOPLE which is slowly being taken by the day. Almost positive the never ending sanctions and funding to the War has something to do with it. Over 4 billion to fund weapons, etc. ( probably 5 billion by now)In the end that will come from the peoples pockets based on their annual income.
I not any regulator will choose my public investments & i do NOT want anyone else telling me who I can or cannot select.