Jeffrey Lee Comment On Regulatory Notice 22-08
I am against any additional regulations on my ability to trade leveraged and inverse funds. I am fully capable of making my own decisions without you looking over my shoulder.
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I am against any additional regulations on my ability to trade leveraged and inverse funds. I am fully capable of making my own decisions without you looking over my shoulder.
I have a small portfolio of buy and hold individual stocks and bond funds. To balance my market risk, I always keep several investments that tend to move opposite of the general market. I strenuously object to any government action to remove my ability to protect my investment in a down market without selling my portfolio
It is "PUBLIC INVESTMENTS". We have the right to participate.
I understand they hold a higher risk and that is well explained before confirmation of the initial purchase, at least it is in my Fidelity account.
I should not be limited to make decisions for myself and family, not regulators. I should not have to pass a test and jump through government hoops to invest in public securities.Leverage and inverse funds are a hedge of other investment I have to protect overall returns. I dont need unnecessary restructures placed on my freedom to invest.
Here are my opinion:
1) Hurts Investors: It could potentially deny me the freedom to choose investments that could
help me achieve long-term financial security.
2) Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. Tests or criteria to determine investor understanding are subjective and could lead to unfair or even discriminatory treatment of investors.
I oppose restrictions to my rights to invest.
There are already several messages and warnings that brokerages give before allowing individual investors to invest in complex funds, specifically leveraged funds. It's a really bad idea to restrict these purchases. All this will do is incentivize people to take higher risk approaches at leveraged investing which primarily involves margin purchases or investing on debt. This could result in far higher losses than people would normally incur and would have far worse long-term implications on the investing markets.
Please do not impose more unnecessary burdensome regulations on ordinary investors who are just straightforward buying and selling leveraged funds like any other equity shares in other company stocks.
We sorely need more flexibility in negotiating with the current especially tough market environment as it is, in addition to having to deal with future impractical or feckless political/economic policies!!
I oppose restrictions on my ability to invest.