Wilson Quan Comment On Regulatory Notice 22-08
I should be able to choose the public
investments that are right for me.
Public investments should be available to all of the public,
not just the privileged.....
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I should be able to choose the public
investments that are right for me.
Public investments should be available to all of the public,
not just the privileged.....
You are encroaching on my freedoms again. This #22-08 Rule is not in line with our rights.
Too much big brother.
Stop trying to hamstring the common investor.
I firmly believe in my right to freely access the entirety of the public securities markets without arbitrary restrictions and oppose any and all limitations on my investments.
Comments: I oppose any further rule-making to limit access to so-called "complex products" (e.g. leveraged / inverse funds or ETFs). There are already plenty of warnings provided regarding the risky nature of these products. At my broker's website, for example, I receive a notification every time I attempt to purchase these products indicating their risky nature and suggesting that they are only suitable for short term trading in active accounts by well trained investors.
Crypto was designed to be "For the People" the government needs to stay out of it. Maybe instead of sending all our $ to Ukraine, you spend that $ directly on Americans.
I do not need any governing body deciding for me how to invest. There didn't seem to be any concern over how retail investors spent their money in the stock market until January of 2021. Institutional investors repeatedly creating systemic risk by their gambling with derivatives are an actual imminent threat to our markets. They are the ones who need significantly more regulation and criminal penalties for their flagrant misconduct. Retail investors do not need to be treated like children, we do not need a test to prove knowledge about investing.
I am a retail and self-directed investor mainly trading and investing in US listed leverage & inverse ETFs and associated exchange traded options. I am also a finance professional with work experiences in investment advisory on vanilla and structured products, including equities, fixed income, interest rates and currencies, in overseas jurisdictions outside of the US, and hold MBA and CFA qualifications. My opinion is going to centre around leverage & inverse ETFs & options, and regulatory balance between protection and investment democratisation for retail investors.
I believe we (the investors) should be responsible for making an investment based on our own risk and reward analysis.