Frank Gillespie Comment On Regulatory Notice 22-08
Keep your hands and laws out of our hard earned momey
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Keep your hands and laws out of our hard earned momey
Stop trying to so call protect the public while continuing to take away investment tools they choose to use.
I am very much opposed to any limits or restrictions on an individual investor's ability to purchase non-leveraged inverse ETFs. These securities allow individual investors to hedge during periods when traditional markets are experiencing negative returns. For example, during the first four months of 2022 SPY was down (12.99)%, but SH had a positive return of 12.85% Likewise, IEF had a negative return of (10.33)%, but TBX was up 10.71%. Like all investments, inverse ETFs involve risks, but they enable small investors to mitigate overall market risk.
It is violation of the constitution (life, LIBERTY, and the pursuit of happiness) for anyone to regulate how I invest my money excepting those involving terrorism. This is such an insane regulation that I thought it was a joke.
I would like to own my investment decisions. Leveraged funds are risky but also rewarding and I use them with a small portion of my wealth. I would like to continue doing so without having to compete on knowledge with day traders.
I use inverse and leveraged ETF's to reduce risk in my portfolio. They allow me to preserve assets without large amounts of selling and missing out on dividends.
To Whom It May Concern:
I am opposed to any limits on what I, or other American citizens, can invest in. While I appreciate the need for education and careful analysis, it is up to me to do my due diligence and make the final decision.
Certain types of investments should not be reserved only for people with high net worth or specific financial experience.
I 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.
I should be able to choose the public investments that are right for me and my family.
Public investments should be available to all of the public, not just the privileged.
If a common man cannot invest in growth then no one should be able to. We all pay taxes and share the same rights as all income levels.
Dear Regulators,
It's painfully obvious you serve the people who sign your checks and not the people of the United States of America who desperately need relief from countless years of centralized banking failures. I Should have the freedom as an American citizen (Not YOU) to invest my after tax dollars in public securities, including cryptocurrency funds funds such as BITO. I DO NOT NEED THESE MEASURES IMPOSED BY ME. MY FOREFATHERS HAVE GONE TO WAR FOR LESS.