David Wang Comment On Regulatory Notice 22-08
[REDACTED] FINRA for considering such a [REDACTED] idea. Another way to snub the freedom of retail investors. Dumb [REDACTED] making this plan can [REDACTED].
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[REDACTED] FINRA for considering such a [REDACTED] idea. Another way to snub the freedom of retail investors. Dumb [REDACTED] making this plan can [REDACTED].
Regulators should not be able to choose public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
Absolutely NO to notice 22-08
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 privileged.
I should not 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.
Leveraged and inverse funds are important to my investment strategies and provide enhanced returns.
Therefore, I do not want these measures imposed on me.
Comments:
Regarding inverse and leveraged ETFs: I feel they both are important tools for retail traders, especially novice traders inexperienced with traditional short-selling and options.
As an informed investor, let me have the freedom to continue on to invest in leveraged and inverse products. Yes, investment is not without risk, but why should certain firms have more access than an individual investor?
Do not block retail traders from making money under the auspices of "this is because you are too stupid and poor to be allowed to invest on your own." This proposal is insulting and transparent.
"Special tests" to invest is classist and racist. You are trying to block minorities and anyone who can't afford the time and money you determine is "enough to qualify" as a "qualified investor" from participating in the market.
Discrimination like this will never be tolerable.
please do not add red tape to a market that is functioning quite well and provides an inexpensive way to accomplish certain investment strategies.
I wish to continue investing as see fit. If I choose to invest in what are considered risky investments as crypto's, leveraged funds or IPO's it is my business. I do not want a regulating body limiting how I invest my money.