Michael Longshaw Comment On Regulatory Notice 22-08
We need less regulation, not more.
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We need less regulation, not more.
I should be able to choose the public investment that are right for my family and I. Public investment are available to the public and not for the privileged. No one-stops me from investing my money, and now you are trying to take away my civil rights .
Investing in leveraged and inverse ETF funds is just about the only way to make money in todays volatile market. I have lost 10% of my 401k investing in regular/traditional ETFs. With the way this current woke, hypocritical administration is governing the stock market is going to crash, next will be a housing market crash & a terrible recession. Yet Pelosi and company can continue to invest in the stock market even though they are policy makers that are supposed to be serving our county instead of self-serving. I will get out of the market/this country if this happens.
I would like to be able to choose my own investments. I use leveraged funds for a small portion of my portfolio and these funds should not be limited to a few privileged investors.
We have been warned enough all the time about investing in leveraged and inverse products, there in not any need for additional restrictions, period.
I am an independent, qualified investor with an MBA in Finance from The Wharton School. As an American, I should have the freedom and right to invest MY capital in anything wish. If the government restores my losses (you already tax my gains) then you can tell what I can/can't invest in.
I should be able to choose public investments that are right for me. I don't need a special test or meet some arbitrary net worth to have access to these trading options.
Im very much opposed to restricting trading of leveraged funds.
We understand the risks and benefits of investing in leverage ETF and this investment option is important to me and I should have the freedom to invest in them.
I do not see any reason why an adult should be limited in the simple buying and selling of ETF's, be they leveraged or unleveraged, long or short.