Huiyong Cheng Comment On Regulatory Notice 22-08
It is people's freedom to choose the investment product they prefer. Regulators should be not step in after a fund has been existing for so long.
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It is people's freedom to choose the investment product they prefer. Regulators should be not step in after a fund has been existing for so long.
Please, do not restrict me from investing in certain investments that you think I am not smart enough to understand. These securities are a part of my retirement plan and will set me back 10-20 years if I can not invest in them. You are not my financial advisors, you do not know what is good for my financial health.
I strongly urge the FINRA regulators to drop plans to restrict the use of leveraged or inverse funds. I am perfectly able to read the prospectuses and calculate the risks associated with them. There is no need to require any testing to see if investors understand how they work. These funds are very important to my long term investment planning and help me to protect my capital during periods of market volatility.
I want the right to use my money and place it in whatever financial institution I decide! It's my monet, I will do as I please!!
Comments: FINRA is just another expanding bureaucracy expanding to meet the needs of an expanding bureaucracy.
Their timing is propitious: just as "buy and hold" stock investors are about to get clobbered senseless by a prolonged recession, they want to close off all other alternatives.
I've never seen any point to FINRA and they really ought to be banished from having any say whatever in markets, anywhere.
we need leveraged funds for our investment
Let me make my own decisions, I'm not stupid.
I strongly oppose the regulation of types of investments I am able to make for myself and my family. This is the United States of America - we have the freedom to invest in the properties that we choose without special restrictions and without passing a test or having a minimum level of net worth and that should not change. I study long and hard before making an investment decision and do not wish to be limited in the types of investments that I can choose. Please do not pass this proposed regulation.
It's very simple, we live in a country of freedom. That freedom should include how we decide to invest or use our financial assets.
Please do not restrict my invest rights.