Clarence Cullop Comment On Regulatory Notice 22-08
This is against the basic freedoms of this country. We are a free people and are allowed the basic freedoms to choose our own way!
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This is against the basic freedoms of this country. We are a free people and are allowed the basic freedoms to choose our own way!
This appears to be further growth of the "Nanny State" and a grab for more regulation and bureaucracy. What happened to the good old days when people were allowed to succeed or fail without government intervention. Is this the same government that now wants to forgive student loans. Citizens should be allowed, without government intervention, to make their own decisions about how to live their lives and invest their money as long as other people are not negatively affected.
Leave my money and where it is put alone. It is none of your business where it is invested. You have your money and you invest it the way you want to. I have the same rights whether you agree with me or not.
As an American citizen I would like my FREEDOM to use MY MONEY as I please and when and where I want.
Everyone needs to have the ability to invest in whatever they so choose. I will be voting for anyone who supports investing equality.
I oppose limitations on my investments. I should be able to choose the public investments that are right for me. Public investments should be available to everyone and not just the privileged.
Let us have investments as we always had
I do not want any further restriction and OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Once again there is legislation that seeks to prevent the smaller investor from having equal opportunity to invest as they see fit. I feel like you are treating us like children, by requiring me to pass a variety of hurdles in order to have access to leveraged and inverse trades. This is my money and I should have the same rights as everyone to invest it how I see fit. We are not children and I don't appreciate someone treating me like one!
Comments: I fully support unrestricted access to 3x ETFs to individual traders.
However, I would mandate these funds to explain in more detail using real past data to demonstrate
1) how 3x effects occur over multi-days
2) how contango can erode the value and exactly how much erosion is occurring
3) and how often and under what criteria fund holdings are changed
3x funds are great, we just need to improve on explaining the usually not well described details