Edwin Kirkpatrick Comment On Regulatory Notice 22-08
We need to be able to invest as we see fit, not some government bureaucrat or elected official. No restrictions on our freedom for self-determination.
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We need to be able to invest as we see fit, not some government bureaucrat or elected official. No restrictions on our freedom for self-determination.
Please be advised that we the people have the right to decide what to invest in. It is gross discrimination to regulate public investments to be available only to the privileged, the already rich. This is the United States of America, where all have opportunities under the Constitution, which guarantees all to to be created equal, thus having equal opportunity. As individuals we don't want or need regulators to decide for us what we can or cannot invest in. Nor do we need to take a test or prove our worthiness to invest.
Any limiting regulations on my ability to utilize leveraged products will substantively reduce my investment returns and adversely impact my ability to hedge and enhance my positions. Investing and trading are not "risk free" endeavors. Denying products to the many as a few may suffer adverse consequences is unfair and punishes the "little guy" that so many regulators claim to protect.
You not regulators should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
It is very important that you express your views in your own
wordsyour comments are more likely to be taken seriously
by FINRA if they reflect your own experience and perspective.
Not only do you have the right to share your views,
but the regulators are required to take your comments into
That's money we earned and the government has no business in controlling what we do with it!!
I disagree with the regulation of my right to invest in inverse and/or leveraged funds. The ability to invest in these types of funds ought to be available to all types of investors, not just the high net worth people. My ability to hedge my investments is even more important the smaller my portfolio and net worth are. The regulations if imposed would impede the ability to respond quickly to changing investment situations and would result in more money being lost as your flexibility and agility would be impeded.
I would like to keep my freedom of investing how much I want and where I want. I don't think limiting the quantity it putting restrictions are gonna do any help so I don't support this proposal.
Government should NOT restrict investor access to any securities since they should have access to the entire spectrum of risk-reward. This regulation smacks of socialism and communism.
I have found leveraged and inverse ETFs to be extremely valuable in managing the risk in my personal portfolio without having to try to do so by shorting stocks, which carries significantly more risk. There are plenty of warnings and disclaimers when buying these securities, or even reviewing them, to alert investors of the risks. It would be detrimental to my investment strategy if access to these investments were restricted or removed. Thank you for your consideration.
Leverage funds are useful tools to individual investors to hedge ridge and enhance investment returns. These leverage tools should be available to all investors instead of limited to hedge funds and investment bankers.