Matt Dominguez Comment On Regulatory Notice 22-08
Discouraging investments would weaken economic activity which is something you would want to avoid even in the middle of a major economic crisis.
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Discouraging investments would weaken economic activity which is something you would want to avoid even in the middle of a major economic crisis.
Hello,
I am not opposed to the idea of requiring some amount of education on leveraged and inverse funds, but I think it is critical that any retail investor be able to invest some time and clear the bar. The "demonstrate a high net worth" limitation is 100% inequitable. The education should be geared toward actually spreading knowledge and and should not be focused on prohibiting access.
Thank you.
Dear Regulators,
Individuals should be free to invest how they wish, without regulator claiming they know better. The legislation to ban certain types of trading to individuals limits their freedoms. There should be no expectation of tests, net worth, etc. The only requirement should be if someone has money, and wants to invest it. Leveraged funds and inverse funds are the only option for some people, since regulators already illegally limited ability for individuals to access options trading.
I am a CPA by trade currently working in the banking sector and have combined public/private experience of more than 20 years. I actively manage my retirement account as well as family fund. I hold bachelor and master degrees in accounting/finance and has been self-educating myself in investing over the years. I don't need a broker license or CFA title because I don't intend to work for other people in the investment industry.
I absolutely oppose this attempt to put controls on investments. As a retiree with little money I need to be able to invest to get the most return on my investments
To whom it may concern:
While I believe your intentions are to protect people from making unwise - or not understood - investments where they lose more than that can afford, I don't agree with it. I believe people should be able to choose the public investments they believe are right for them and their families. Public investments should be available to the public. Requiring special processes not only block access to these investment types, but also cost money enforcing them that could be spent on better things.
This is America, land of the FREE, home of the brave!!! Dont tread on me you bureaucrats! Shove your regulations where the sun doesnt shine.
Me, not regulators should be able to choose my own investments that are right for me and my family. Never should anyone have to go through a special process in order to invest in public securities. I am capable on my own of discerning the risks. Leverage and inverse funds are an important way to enhance investment strategies and I want them to remain available. Please do not make changes to how these products are offered that will limit peoples ability to invest in them.
You not regulators should be able to choose
the public investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
When it comes to where I place my money for investing, it should be my choice. Not that of some unknown regulator who may be getting kick-backs for pushing specific investments.
There should not be any red tape that I must go through before being able to invest. This should be regardless of if I seek advice of a financial advisor or not. It is my money and my future and my decisions.
Unless the regulator can make sure my money increases, which I or a finacial advisor, can not do then let me decide what to do and if I seek assisstance in making decisions.