Jed Carter Comment On Regulatory Notice 22-08
To Whom it may concern,
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To Whom it may concern,
I should be able to choose investments that are right for me and my family.
Dear Sirs,
I'm concerned about the proposal of "Regulatory Notice 22-08". Indeed, it might be a must for regulators to take certain action on new financial products, but I don't think this restriction can solve the problem. The reason is listed below:
1.What serves as complex product is too ambiguous, that means, investors can’t figure out what investment tools they can use.
2.Investment decision should be made by individuals, not regulators. If investors can tolerant such risk, there’s no need to make such restrictions.
Your arrogance is unprecedented. We are not children. Quit taking stupid actions to justify your job. I'll be writing my congress person about this.
Please leave our investments alone. They don't belong to you.
This is an utterly ridiculous regulation. How can ordinary young people such as myself am able to invest my hard earn money and a chance to become wealthy myself without all of these hurdles. If the general public cannot invest in public securities, then they should not even be considered "public" to begin with. Do away with this absurd regulation and allow everyone to invest. No more privilege.
If I want to short a stock, or use a regular or inverse ETF, that is my choice. Americans are supposed to be equal, and have to the same opportunities that the more wealthy have. A lot of leveraged funds provide tremendous opportunities for the active investor, and do exactly what they're meant to do. I don't need to attend university or work for Goldman Sachs to have access to use any fund. The majority of investors who buy leveraged funds know exactly what they're doing
Less regs are better . Thanks .
How about instead of trying to regulate the free market you start preventing congress from trading on inside information aka nancy pelosi. Leave my leveraged etfs alone you communists
Leveraged and inverse funds are not so complex that they require any special skills or knowledge to understand the subtilties of their character. Don't underestimate the intelligence of investors.