Xingyu Luo Comment On Regulatory Notice 22-08
I oppose this restrictions on my right to invest in leveraged ETFs.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
I oppose this restrictions on my right to invest in leveraged ETFs.
Sirs- increased standards for qualified investors is one thing, making the precess to invest as one onerous is another. The proposed rules are onerous and seek to discourage investments by smaller qualified investors. Thank you
Investments should never be limited by government.
I like to invest in leveraged ETFs. Im quite aware of the risks and potential long and short term fluctuations. And my desire to speculate with my money ought to be my choice.
Individual investors ought to be able to invest in any ETFs. Theyre much safer than some horrendous penny stocks.
I want the ability to make money like the Wall Street elites.
These are tools used by professionals, ie "rich and powerful". By taking away these tools, it is allowing only the rich and powerful to make money and profit.
That is not a level playing field.
This is silly. Adults can make their own choices to buy or not to buy certain types of investments. l rarely buy leveraged funds, but I DO on occasion, and I do not want my right to buy them to be subject to some regulation that regulators think I need to protect me. I protect myself by reading up on investments before buying them.
I want to be able to choose my investments, not some beurcrat.
Comments: This is excessive and unnecessary. How about focusing on fraudulent activity like naked shorting and unfair broker practices?
It is the right of every citizen to be able to choose their own investments. It is insulting to have to get approval, tested to make an investment.The last thing needed is more goverment control in our lives.
In regards to regulations in investing, this regulation takes away the right of people to make profit in the market whether they lose it all or dont thats on them for not doing their due diligence. I think its unconstitutional and goes against the very premise of crypto currency purposes. I think this displays a capitalistic disportionately by leveraging power to people and limits any consideration to those of us who want to build a future for ourselves in a growing market. Please reconsider your next steps in reevaluating how people purchase.