Michael Ness Comment On Regulatory Notice 22-08
Leave my freedom of choice alone, let it be heard, Dont forget you will witness before God, better to please God than the world.
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Leave my freedom of choice alone, let it be heard, Dont forget you will witness before God, better to please God than the world.
The choice to invest should be incumbent on the individual investor risk and reward, and there should be no separation of access based on financial status.
The premise of changing behavior by regulation is flawed in every form it has been attempted. Especially with investing, new instruments or alternative instruments will be used, and I prefer to use leveraged assets which are connected to a transparent market.
I oppose the proposed restrictions to invest in public funds!!!There is no good reason to make changes in this!
I personally have 50+ years in the securities Industry as a former member of the NYSE and several Securities Licenses with FINRA. I also believe it is the individual's choice when it comes to investments. If there is a complaint of any kind due to losses, they have a right to arbitration or mediation. Is there risk involved? Absolutely!
my networth or income should no restrict me from investingto improve my wealth. The goverment ony needs to assure tha financiali nsitutions are not defrauding their invesors.
Investing in leveraged ETFs is a useful tool for retail investors and has clearly communicated risks and returns. I used them in my early investing days when I was very open to risk and as I have aged I phased out of them. Other people should also have the opportunity to take high risk high reward actions in an informed way.
People should have the right to freely invest and it should be open to everyone regardless of sex or color
Please allow investors to make their own choice regarding leveraged ETFs.
Please do not put any restrictions or additional requirements on their choice of investments
Thanks
I am already anti-capitalist. I despise the system which rewards not merit, but inherited wealth. I cannot possibly fathom why you would want to make my job so much easier- you understand that by depriving average citizens of the right to invest, you are pushing them directly into my waiting arms? I know I shouldnt interrupt my enemy while he is making a mistake, but this? I almost pity the short sightedness of a policy like this. Please, by all means, keep putting nails in capitalisms coffin. I love it.