Scott Woldridge Comment On Regulatory Notice 22-08
I don't need to be protected from myself. Where do you draw the line?
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I don't need to be protected from myself. Where do you draw the line?
Please let me keep my right to invest the best way I see fit for myself. I understand the risks of leveraged funds and options as well, trading funds like these has given me hope to a bright future. Thank you for your time.
very truly yours
Andrew Deger
All people have the human right to better themselves let everyone invest
This is exactly the wrong thing to do. Who are you protecting?
Certainly not the American people.
These investments can be appropriate for many average investors and should be allowed to remain freely available. The proposed limits would only serve to help the rich and powerful at the expense of the common person.
We are being robbed of our hard earned money in every direction by a greedy government that wants to take our freedom, money & initiative!!!!!!!!!
I should have the right to determine what, if any, investments are right for me. I do not want "big brother" treating me like a child and regulating what currencies, if any, that I choose. Everything in life is risky. We "little people" have the right to take on risks just as much as you elitists do. It's simply not fair for you rich people to run our lives in every detail, including cryptocurrency! We are capable of making financial decisions, even if we weren't "born into money!" Let US decide!!
I use a leveraged product to protect my retirement investments. When the market corrects, as it is doing now, this investment stabilizes the portfolio through varying market conditions. The product could not be simpler: as the value of the tracking index sinks, the value of the leveraged fund increases. Taking away insurance that limits downside risk is going to hurt investors. Why do you want to harm me and other investors by limiting protective insurance? We need protection from market swings and this and other products help achieve that goal.
This petition is being promoted by people who want to scam ordinary folks. The existing rules about unregistered security purchases are, if anything, too weak -- as evidenced by the proliferation of pump-and-dump cryptocurrency offerings and other scams.
I am opposed to the regulatory oversight of my investments. My investments are the direct results of my hard work and should be controlled by me.