Danny Warren Comment On Regulatory Notice 22-08
I oppose restricting to my right to invest
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I oppose restricting to my right to invest
Hi there,
I am writing in severe opposition to Regulatory Notice #22-08 which explores the possibility of a number of limitations and regulations on the common investor. This regulation is absurd and I am completely against it!
This is a non-issue that no one is asking you to solve. Instead of limiting the freedom of "the little guy" perhaps first solve the actual, market-threatening issues of naked shortselling by hedgefunds.
I think that FINRA is a violation of humans rights!
I'm dedicated to my developments. To pursue where my happiness lies at. Trying to stop opportunity for longevity and options to pursue something that means more to me and others than you can imagine is incomprehensible to think of. Thinking of stopping growth of someone or the collective that have invested their selfs in something they love isn't something that should be done don't you agree?
I oppose restrictions to my right to invest in leveraged and inverse funds.
It's my business what I invest in. It's up to me to make that choice, for whatever reason I want. It's none of your business what I invest in or what I do w/my money. I shouldn't have to go through a special process like passing a test or reading anything. If you want to apply those rules, why not apply it to yourself. Let's make it that you can't vote on a bill you personally, not some aide, hasn't read. And you can't vote on it unless you've passed a test. For that matter, let's make it that you can't hold office unless you've passed a test and proven you're capable.
Comments: The leveraged and inverse ETF products offered by Direxion and certain other institutions include complete descriptions of the risks associated with these types of investments and frequent warnings regarding risk in the product descriptions. Direxion even offers comprehensive explanations and educational materials with detailed product information. It is very clear in the fund descriptions that these types of funds are NOT to be considered long term investments and should be managed daily.
I am perfectly capable of deciding which investments I choose without some authoritarian nanny state interfering "for my own good" ! Another elitist attempt for control.
I consulted with three brokers who all told me I did not have enough money for them to manage, because fees would offset any gains. So, I am learning to do this myself. Why would you consider only allowing the wealthy to get wealthier?