Michael Dean Comment On Regulatory Notice 22-08
I do not want to have to go through any special process if i want to trade inverse or leveraged instruments. I am capable of understanding these funds and their risks
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I do not want to have to go through any special process if i want to trade inverse or leveraged instruments. I am capable of understanding these funds and their risks
Greetings FINRA Principals,
This message is to implore your body to please NOT pass new, highly-restrictive rules/regulations on leveraged securities. I am a retail, middle-class trader/investor who uses these vehicles very judiciously - fully understanding the time decay factor and that they are not meant to be long-term holdings but instead, utilized for short-term swings only. These ETF offerings have been helpful in establishing financial security within my family's investment portfolio.
Comments: Let's know risks and rewards to investors and let them decide to invest or not.
Limiting investment ability is not good.
Where were you when the world economy was about to crumble in 2008? Hundreds were responsible, yet only one person went to jail and you're concerned about this issue? Stay out of my investing life and focus on those that need regulating.
I am adamantly opposed to any restriction or limitation on my ability to purchase inverse and or leveraged investments.
To whom it may concern,
I strongly oppose restrictions on my ability to purchase leveraged and inverse funds.
Ive been a frugal investor for decades, and have used these funds as part of my overall risk balancing strategy. Any changes or restrictions will adversely affect me and require significant effort to overcome at this point in my life.
Please do not pass these restrictions and impose undue hardship on those who have been thoughtfully & carefully using these funds for years.
Sincerely, - John Sangimino
I oppose the restrictions on my rights to invest.
I think that I should be able to make my own investment decisions without further regulations from Big Brother. The sponsors of leveraged and inverse funds are required to make numerous disclosures regarding risks of the funds as well as how they operate. It is the responsibility of an investor to read and understand these disclosures. If he doesn't do that he can choose not to invest in them, or he can invest in them anyway knowing that he may not understand the risk. It's called personal responsibility.
I disagree with what you at the SEC are wanting to do. Just let investors make their own choices.
Please let me manage my own investments. I am well advised.