John Cook Comment On Regulatory Notice 22-08
Stay out of the market place. You people will damage the market place with your rules. You are not our parents
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Stay out of the market place. You people will damage the market place with your rules. You are not our parents
I am against restrictions on my investment rights
Hi,
There are people who are middle class who know what leverage and inverse products do and how they work. why is it that every regulation which provides an advantage has to do with networth? Just because someone is rich does not mean they know better than normal people. There needs to be more education in terms of how the information on these funds are presented. This is why 2 entire generations are losing trust in the US capital markets. Stop taking the easy way out.
The messaging needs to improve!
Complex financial products(Leveraged and inverse funds) are well explained in disclosures and everyone is well aware of the risks involved before investing in them. You should not have to be an accredited investor or go through special processes to have access to these types or investment options. We do not need additional rules and regulations on these types or products.
I should be able to choose the public investments that are right for me and my family. 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 you can invest in public securities, like leveraged and inverse funds.
I can think and act on my own behalf. I do not need a government bureaucrat or entity imposing more restrictions on my life.
I strongly oppose any regulation of trading inverse and leveraged funds. Fair warnings of risk and complexity have and should be given, but legal restrictions are an unnecessary infringement on freedoms.
This is a bunch of [REDACTED]. Do NOT let this happen!
Let me express my thought and feelings on the current issue: I, Takeshi Iida, not regulators should be able to choose the public investments that are right for me and my family. 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 securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
As a short term tool, buying inverse ETFs can be very valuable, and can actually help traders achieve financial objectives that they can not either otherwise achieve, or would require the use of riskier derivatives. Obviously, assets do not always rise, so trading just the long side means forgoing potential profit when assets decline. Also, using inverse ETFs during declining markets acts as a hedging tool against losses when an investor is already holding long positions.