Kurz Ndandu Comment On Regulatory Notice 22-08
Comments: we don't mind trading the complex instrument
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Comments: we don't mind trading the complex instrument
We should be able to choose!!!!!
Please leave things alone.
Please do not restrict my ability to invest in funds and products of my choosing. Your added restrictions based on the arbitrary categorization of "Complex Products" will only further disadvantage individual investors and benefit large investment firms, like pretty much every other regulation you put forth.
No restrictions on trading anything! It is not government's job to worry about people losing money in trading/investing.
Public securities should be what they say they are 'Public'. Our country was created around the premise everyone is equal. People are intelligent enough to make up their own minds . It is an insult and affront to think public investment requires special precepts. Shameful and discriminatory.
Leveraged and inverse funds are important to my investment strategy. It is my choice to invest in these types of funds and should not be determined by regulators. Please leave these funds as is.
I, not you regulators, should be able to make my own decision as to what investment vehicles are right for me to own. I do not need or want to go through any special process, like reading material and/or passing tests before I can invest in special public securities, like leverage and inverse funds. Besides, the timing of these leveraged funds can be critical. Then is NOT the time to have to stop and take a test before I can invest. Leveraged and inverse funds are now an important set of tools, to be used to hedge and/or seek enhanced returns.
I oppose restrictions to my right to invest. I 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. I shouldn't have to go through any special process like passing a test before you can invest in public securities, including cryptocurrency funds such as BITO.
Here's the deal, the claim of attempting to protect retail investors is not what will actually happen with your purported outline. By limiting the scope of exposure to "complex products" and other ETPs you are actually suffocating the ability for retail investors to gain the same access to investment strategies which specifically can facilitate the ability limit risks at the cost of benefits.