Daniel Wangadi Comment On Regulatory Notice 22-08
I should be able to choose the publici nvestments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
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I should be able to choose the publici nvestments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
I am OPPOSED to regulate of investing leverged funds.
Please keep the markets free. All stocks have risks and rewards. Please allow investors to do research and calculate these risks ourselves. This is not an unlimited leveraged risk.
If you regulate this, then you should regulate all stocks.
I DEPEND on trading leveraged ETFs for my livelihood. In fact, it is my only source of income since I am disabled and unable to work a regular job. If you take away my ability to invest, you take away my ability to survive and earn the necessary income which I need to live. It's that simple. Please STOP trying to "fix" something that isn't broken. Leveraged ETFs work fine...just the way they were designed to work. I know the risks and don't need you to decide for me what I should and shouldn't invest in.
Please don't limit my ability to purchase certain funds. Autonomy is important to my retirement income.
I should be able to invest in whatever public invests I deem are right for me and my family. The government wants to tell women they can't have abortions and people don't have to wear masks in a pandemic. [REDACTED] is wrong with you [REDACTED]? Let me be the custodian of my money. Stop allowing only the privileged and powerful / rich have the ability to utilize diverse options, like leveraged funds.
Please do not restrict my ability to buy TQQQ. I like it because it resets my leverage to 3x everyday, which makes it easier to hold without fear of margin call. I fully understand the implications of the daily leverage reset and don't need you to protect me. If you restrict my ability to buy this fund I will simply use futures contracts instead which will be even more dangerous.
This proposed regulation is yet another encroachment on the rights of investors, all under the flawed premise that investors need more "protection" than already exists. The Fund industry does an outstanding job of clearly spelling out the risks with leveraged investments, and any so-called investor who doesn't educate themselves to those risks has NO ONE TO BLAME BUT THEMSELVES if things go badly. This is yet another example of un-needed paternalism and this entire set of proposals needs to be WITHDRAWN IMMEDIATELY and given NO FURTHER CONSIDERATION by FINRA, or ANY OTHER ORGANISATION.
Public investments should be made available to all, not just the privileged.
Hello FINRA,
I have been using leveraged ETF's in my portfolio using a strategy based on an algorithm that helps me decide when to buy and sell and I have been successful using this strategy. I have a firm belief that I, not the regulators should be able to choose the investments that are right for myself and my family. Public investments should be available to all of the public, not just the privileged few.