Umamaheswararao Kannekanti Comment On Regulatory Notice 22-08
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
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I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I HAVE BEEN INVESTING IN LEVERAGED FUNDS FOR OVER A DECADE WITH GOOD RESULTS. I WOULD NOT LIKE TO SEE ADDITIONAL RESTRICTIONS PLACED ON THEM OR ME. THANKS, WELDON PHELPS
Comments:Please do not do this. Leveraged and leveraged ETFs provide the exact leverage WITH liquidity that I need for large trades. Theyre much safer and less volatile than any given overnight gapper under $10. You will solve nothing with this restriction. You may drive investors towards even riskier investments.
I want to select my own investments and NOT be "over-regulated" by governmental NANNIES!! Public investments and markets should be available to all of the public, not just the rich, and you def shouldn't have to pass some [REDACTED] biased test before you can invest in public securities! I am quite capable of assessing risk and value for MYSELF!!! Fyi, I use leveraged and inverse funds often as a part of my investment strategies, and denying me this basic RIGHT as an American is WRONG, and will cause an UPRISING against [REDACTED] bureaucratic meddling!!!
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Comments:Given that it's been banks and wall street that has crashed the stock market numerous times with their wild gambling and poor planning, even though they're supposedly sophisticated traders with lovely certificates attesting to the fact, perhaps you should tighten regulations on the financial giants and leaches in the system before you go after the small people. Have retail buyers sign an agreement that it carries additional risk like options, this proposal is silly and just another regulation not aimed at the right people given the current financial situation.
Any attempt to restrict my free and open access to utilize these financial assets will be met with immediate and justified organized class action litagation. These types of attacks on the investors that have been using these products for multiple years, have no need to provide PROOF that we understand what we are doing . It is evident that the consideration to ban access to these products NOW that they might be utilized most effectively is PROOF FINRA is corrupt to the core! Shame on the corrupt regulators...... COMMUNIST DICTATORS!
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
I do not want you interfering with my right to purchase leveraged or inverse securities.