Maria Calvo Comment On Regulatory Notice 22-08
UNTIL WHEN THE GOVERNMENT HAS TO BE INVOLVED IN THE PERSONAL AFFAIRS OF THE CITIZENS ARE WE STILL LEAVING IN THE AMERICA THE BEAUTIFUL
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UNTIL WHEN THE GOVERNMENT HAS TO BE INVOLVED IN THE PERSONAL AFFAIRS OF THE CITIZENS ARE WE STILL LEAVING IN THE AMERICA THE BEAUTIFUL
Keep your greedy fingers off our investments.
I'm very disturbed that FINRA is considering regulations to limit my investment in leveraged and inverse funds. I respectfully submit that I should continue to have the right to choose my investments.
The market has been on a downtrend since early November 2021 and without the inverse ETFs, I would be unable to continue to generate income sufficient to support my retirement. I understand the risks and potential profits with both inverse and leveraged ETFs and I would be devastated to lose these investment tools.
I adamantly believe that EVERY PERSON IN OUR FREE NATION not regulators should be able to choose
the public investments that are right for THEM and THEIR family.
Public investments should be available to all of the public,
not just the privileged. THIS ISN'T CHINA!!!! STOP THE RIDICULOUS OVERREACH!!
Im strongly against restrictions on my right to invest in public investments. Ive invested an appropriate portion of my portfolio in leveraged and inverse funds to enhance my returns and to hedge, when necessary, for decades and its worked well for me. Ive known the potential risks and rewards from day one from any and all investments I invest in. I enjoy reading prospectus and thats what theyre for. Its ridiculous to ask people whove invested in securities for decades to take tests or demonstrate financial well-being for things theyve successfully utilized for years.
We the public should be able to choose our investments without going through any process. Restrictions will restrict my investment strategy.
I have been investing in these ETFs for years. They allow me to diversity and to reduce my risk as I grow older. They also allow me to simplify my investment strategy. Restricting them would greatly dimmish my ability to invest, which I would consider a denial of my freedom to act in my own best interest.
Comments: Im concerned that FINRA will attempt to strip away the ability for these products to be used effectively by active traders who use these complex products for what they were made for, short-term active trading. I understand why you would want to help those who use these for the wrong reasons, such as long-term investing, what they were not made for.
Too much government in our lives
We are capable of understanding the complexities of leveraged funds and have a need to use these products on a daily basis to meet our goals. We do this with full understanding. If we were being coerced by a broker to engage in one of these funds or ETFs it might be a different issue. Please do not regulate or remove our ability to protect against losses with leveraged funds. It is much easier to do this way instead of using options.