Alexis Gotelli Comment On Regulatory Notice 22-08
It is my money and I should be able to do what I want with it.
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It is my money and I should be able to do what I want with it.
Leverage ETF is like a high growth stock. It makes no sense to require investment to pass a test to trade or even hold the leverage ETF.
Netflix (NFLX) is a good example of a high growth stock. It was one of the best performing stocks for over 2 decades, but in just 5 short months, it drops from $700.99 on 11/7/2021 to $199.87 today's closing (5/3/2022) or down over 70%.
I believe it is my right to invest my funds anywhere I choose. It is part of my rights to the pursuit of happiness guaranteed in our Constitution. Nobody else knows my needs as I do and nobody should have the power to tell me what to do with my finances as long as I am not infringing or hurting someone else's rights. Having a group of regulators telling me what to do is wrong.
Sir,
I invest about 25 Million Dollars as an individual investor and I have more than 25 years of experience in investing using complex strategies (Leverage Funds/ Inverse Funds/ Call & PUT Options, etc)
All the above mentioned strategies are important for overall balanced approach to Investment and I would not like it to be taken away, neither do I want to take tests to be granted the priviledge nor put restrictions on these capabilities.
Thanks,
I am of adult age, I do not need a baby sitter.
To whom it may concern,
FINRA has proposed a raft of potential restrictions on so-called "complex" investment products, among them leveraged and inverse funds. Whereas some of the proposed restrictions are at least somewhat reasonable, like passing some sort of rudimentary test to ensure the investor is aware of what the product is, others are downright outrageous, such as not allowing the fund to be held overnight.
I oppose any limits to my ability to hedge risk by investing in leverage ETFs.
Dear Elected officials of the citizens of the United States. I think investors and not the regulators know what's best for us. Investment products like " BITO " give us a chance to diversify our investments. With the money printing going on in Washington, I think this product will serve me well. Please let me make a choice with my money.
All investment are inherently risky. Disclosure needed not restriction. Rules proposed discriminate disproportionately public investors.