Jim Rudd Comment On Regulatory Notice 22-08
Leave my investments alone, Joe will destroy them without any help!
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Leave my investments alone, Joe will destroy them without any help!
I understand the risks of leveraged ETFs very well. There is no reason to restrict trading on theses products to anyone.
I am a free person of the USA and choose to spend my money as I see fit.
I would prefer that the actual reglations are maintained.
I oppose robbing individual's right to invest.
IT APPEARS AGAIN OUR ELECTED GOVERNMENT ARE TRYING TO STOP WE THE AMERICAN CITIZEN'S FROM HAVING OUR LEGAL RIGHT TO INVEST INTO SOMETHING THAT WE CAN EARN FROM THAT WILL ENHANCE OUR LEGAL RIGHTS GIVEN TO EACH OF US BY OUR CONSTITUTION OF THESE UNITED STATES OS AMERICA AS THEY ARE SEAKING TO STOP ANY OF US FROM HAVING ANY POWER BROUGHT TO AS BECAUSE OF WEALTH WE JUST MAY EARN FROM INVESTMENTS , BUT THEY FEEL IT IS RIGHT FOR THEM TO CONTROL THE SAME ACT FOR THEMSELVES.
Restricting people from freely purchasing the investments of their choice is not needed and is government overreach. Regulators dont know how knowledgeable we are and forcing broker-dealers to give us permission makes it less likely that we can invest the way we see fit. Leveraged and inverse funds are appropriate. Dont restrict us and take away our right to invest in the matter we see fit. Get out of my wallet
I have been trading leveraged ETFs both long and inverse since 2008. I also read prospectus, SEC filings, etc, and understand the risks involved. I have not had any major losses due to leveraged ETFs, inverse or otherwise and pay close attention to any warnings my brokers provide on a regular basis about the risks involved.
The changes you are proposing are unfounded and are attempting to fix a problem that does not exist. Furthermore these proposed changes are tantamount to economic class warfare.
Do not implement these changes.
I should be able to choose the public investments that are right for me and your family.Public investments should be available to all of the public,not just the privileged.
I have been trading over 15 years and know what's best for me.
Everyone deserves the right to invest.