Michael Salvato Comment On Regulatory Notice 22-08
this is totally wrong ..The regulators have an agenda and are trying to stop the investors from protecting themselves.Totally illegal.This is still the USA!!!
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this is totally wrong ..The regulators have an agenda and are trying to stop the investors from protecting themselves.Totally illegal.This is still the USA!!!
this regulation would limit my ability to invest as i want. the time and energy i put in to investing should not be cancelled because my net worth isnt high enough or i dont work in the finance industry. anyone who puts their money at risk in these funds needs to be accountable to themselves for those decisions. please dont try to put arbitrary restrictions on these products.
This proposal is an example of the excessive paternalism and unwanted protection from all ills that we are seeing imposed on too many of our private actions and decisions. Please put your resources into fighting fraud rather than the legal behavior of sovereign citizens.
As an experienced investor who has been making my own financial decisions for 20 years, I find it to be an overreach by FINRA to restrict the ability for me to make my own decisions, thus forcing me to utilize unnecessary investment advisor firms. There are countless resources available to the general public, as well as investment documentation available to investors to understand the risks associated with these investments and American Citizens are intelligent enough to make these decisions without a litmus test.
I (Jack Lee) 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'd like to retain my right to invest in the variety of investment products including leveraged funds and crypto-based funds. Please do not take my right to invest freely away.
Let me choose without a special process on investing in leverages and inverse funds.
I oppose restrictions on my right to invest. FINRA shouldn't impose needless restrictions on leveraged and inverse funds. Ability to hedge my portfolio against the downside should not be restricted. Been doing this for 15 years, never had a problem. Government overreach pure and simple.
The new proposed regulations that would impose restrictions on the individual's ability to invest in inverse and leveraged funds are entirely unwarranted.
The very fabric of America's growth and wealth (much of the wealth is given to almost the whole world) has been based on the ability of the average American Citizen to exercise his/her right to decide what is proper and acceptable for them to do, barring illegal acts under our Constitution and State Laws.