Chris Schrofe Comment On Regulatory Notice 22-08
Let me decide my own future. Not the corrupt government. Short and sweet. Have a nice day.
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Let me decide my own future. Not the corrupt government. Short and sweet. Have a nice day.
All public investments should be available to all of the public,
not just the privileged and powerful. Without having to go thru any special training or criteria.
Nobody just willy, nilly invests in inverse and leveraged fund. There is always a level of self education involved. Reputable brokers, news organizations, etc. provide more than enough guidance and education (not to mention a prospectus) on these investments.
These are not lottery tickets.
I should be able to choose the public investments that are right for me and my family. 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've been an investor for over 30 years! I use leveraged and inverse funds as investment strategies to hedge my portfolio from market volatility and they also can protect me with a lower tax implication.
Leveraged funds offer the chance to enhance the benefits from successful high-conviction investment ideas for those with limited funds available to invest. They can help build wealth faster, so anybody should be able to trade/invest in these funds without interference or regulatory obstacles if they consider it appropriate for their situation and are willing to take the risks involved. Restricting access to these investment vehicles only to certain groups would increase inequality.
Comments: Enough already!!! Investors are aware of the risks in the stock market. The risks encountered by "L&I Funds" are not much greater than risks that the broader so called safe market experiences. If you need to regulate something, regulate "robot trading"
I would like to make my own decision as to what to invest. I oppose restrictions on my right to invest in public investments. I, not regulators, should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't need to pass any test before I can invest in public securities (e.g., leveraged and inverse funds). I understand the leveraged and inverse funds and their risks. I do NOT want to be restrict by regulators.
Everyone should have the right to choose how they invest!
I read with concern the notice from Ameritrade that there is pending regulation on my ability to self-direct my investments in my company's 401k plan into leverage ETF funds. For the life of me, I cannot think why this proposed restriction would be necessary. Self-directed investors are well aware of the risks involved with any sort of investment and should be free to take additional risk with the possibility of additional reward, particularly since it does not involve any other investors in any kind of pooled account.
Public investments should be available to all of the public, regardless of net worth. If attesting to having read information about an investment is deemed an appropriate balance, I would be supportive of that.
I have the right to invest in any funds I would like. This is against my rights the regulations that you suddenly want to implement.