Eric Peterson Comment On Regulatory Notice 22-08
You're not my mommy, I'm a grown [REDACTED] man able to make my own investment choices. Kindly take your regulations and shove them up your...
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You're not my mommy, I'm a grown [REDACTED] man able to make my own investment choices. Kindly take your regulations and shove them up your...
It's bad enough that I can't buy the crypto that I want here in NYS because Coinbase has the monopolies for all the NY hedges and always at their mercy. LAY OFF MY CRYPTO!
We as investors should have the sole right to invest in etfs, leveraged etfs or any other investment vehicle we choose since its out hard earned money to invest as we want.
Why do regulators think US citizens are incapable of making their own informed decisions? We should not limit the ability of people to decide how to invest their own money whether it is leveraged funds or any other funds for that matter. We already have access to the prospectuses and can determine what is appropriate for our risk appetite.
In September 2019, the Census Bureau reported that income inequality had reached its highest level in 50 years. COVID begins. Retail investors increase their participation in public markets (now 25% of total equities trading volume), destabilizing the status quo, and costing smart-money hedge funds and investment banks 10s of billions of dollars in losses. FINRAs response is to remove retails access to investment vehicles used by professional traders, hedge funds, and investment banks by means of a we know better and will protect you from yourself hollow rhetoric.
please do not limit our ability to invest in leveraged and inverse funds
What kind of nonsense is this - the two companies that run the two leveraged ETFs I own both sent me email alerts about FINRA's potential rule changes this morning, urging me to submit comments on the rules, which have a deadline of only 5 days away?!? That's so unfair it's like FINRA doesn't care what investors have to say, their minds are made up. Consider how this extra burden on brokers is going to raise their costs, and how that's going to be passed along to clients - this rule will cost us money!
I do not approve of possible measures to bar individuals from investing in leveraged or inverse security. Grown adults have the obligation to understand the risk involved in financial transactions and should not be prevented from entering voluntarily into contracts by a paternalistic government.
Please do not Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest
I am diametrically opposed to the financial liberty restrictions being proposed. It is abhorrent that such things would even be considered in the United States of America. Free enterprise is the bedrock of our world leadership across the board. It is the height of elitist distain for the common man to deny access to financial instruments while reserving access to the wealthy who can afford the high investment minimums and trading platform fees required to access the same products outside of ETFs. You should be ashamed of yourselves and your careers for proposing such things.