Thomas Fibolous Comment On Regulatory Notice 22-08
I absoloutely approve of your regulations to safeguard the public. Keep up the good work.
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I absoloutely approve of your regulations to safeguard the public. Keep up the good work.
Leveraged funds can have a place in any investment portfolio . One use case I use them for is to help make trades easier in a cash structured account. Sometimes waiting for funds to settle means missing out on a trade due to the 2 day wait period. One can invest 1/3 of an allocation using a triple leveraged fund with the net result of the leverage factor still being one. This allows 2/3 of the allocation available as cash for when needing to sell this allocation and move into another.
I object to all regulations interfering with my right to invest
Please do not restrict US citizens access to purchase funds. Feel free to issue appropriate warnings as to the nature of the funds.
Traders in leveraged and inverse products don't need the federal government's protection in the form of limiting our freedom to trade. This proposal is another rung in the ladder of a burgeoining "nanny state," and the government needs to recognize its proper role as protecting us from clear and present dangers, not hypothetical ones. Because these products may carry more risk, so what? With great risk comes great rewards. Back off--please!
To Whom It May Concern:
Please find my official comment to FINRA Regulatory Notice #22-08. I oppose the contemplated restrictions for the following reasons (among other things):
Politicians need to get out of our pockets and leave our crypto alone.
Our money, our choice.
We should be able to invest as much as we want. It's not just for the Rich people
I do not support limits on leveraged or inverse funds, they provide a very useful and quite frankly safer alternative to investors like myself that choose to use these instead of options and traditional margin leverage.
They clearly indicate they are short term instruments so when used correctly can be a great tool in the tool belt of the retail investor.
I believe non traditional investment vehicles like these are here to stay, have high demand and should not have their access blocked from the investors that can benefit the most from them.