Rodney Josephson Comment On Regulatory Notice 22-08
I have the right to invest, buy, sell or trade investment products as Im responsible for my own actions. No third party should be involved in my personal business.
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I have the right to invest, buy, sell or trade investment products as Im responsible for my own actions. No third party should be involved in my personal business.
I am a retail investor with approximately $1M in investments, spread over several accounts. I routinely trade leveraged and inverse ETFs as a small portion of my overall investment as part of my overall risk management strategy. Though these ETFs are a small percentage of my total assets, they sometimes form a larger percentage of an individual account, as I concentrate all these trades in a single account.
Having funds like this is an important part of the free market. Investors are warned multiple times prior to purchasing leverages funds and are able to educate ourselves on the risks involved in making these investments.
The investing public needs less regulation, not more, in our right to choose how to allocate our investing cash. Please do not pass additional regulations that will restrict our ability to invest and hedge investments.
I do not want you to regulate further my right to purchase stocks, bonds, nor bitcoin on my own accord. I am smart enough to do the research. To regulate THIS would be like regulating people's abiliry to play the lotto, expecting them to take courses about the poor odds!
Do not limit my freedom of choice in investment products. I should be able to invest in the products I feel are best for me. I am an adult and able to make my own decisions, and I am willing to suffer the consequences of my decisions. It is not up to the government to tell me how to spend my money.
I don't think it is fair to regulate inverse and leveraged funds, since I rely on these as an important strategy. Especially inverse funds gives a "common" investor the ability to profit if the market goes down.
I understand the risks, and I accept gains and losses, just as I do with purchasing stocks and bonds.
In a free market, it is important to allow the market (of which I am a part of) to manage the ups and downs, instead of an elite group of investors.
I am 71 years old ex Home Depot employee. I oppose regulatory #22-08 because I am a small investor and make my own decisions on where to put my money. I read the prospectus and realize the risks I take. I want to continue to buy and sell leveraged and inverse funds without hoops to jump through or lose the ability to buy and sell them.
Please do not pass the regulation.
I would like to continue to trade these.
More regulation is not needed from the USs regulatory bodies. The addition of these restrictions will only further enhance the chasm between wall street and those trying to invest for they and their families. Spend your time focusing on the big banks and not the little guy.