Kathy Danielkebir Comment On Regulatory Notice 22-08
this is not right you shouldnt be able to control what someone wants to do this must stop this is like being in prison
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this is not right you shouldnt be able to control what someone wants to do this must stop this is like being in prison
This comment is to urgently oppose new regulations on so-called "complex products." As an investor with over a decade of experience, I am neither a professional, nor a novice. But the notion of regulating leveraged and inverse products is nonsensical. These products are far and away the easiest to understand of any ETFs/ETNs available to retail investors.
A "complex product" is really just picking a market direction and pace. That's it.
To whom it may concern,
I have spent the last 28 years investing either in a personal or professional capacity. I do believe it is in the best interest of individual investors to have a wide variety of potential investments from which to choose. The leveraged and inverse etfs, albeit more risky than many other funds, can be useful if used properly and I believe that all investors should have the freedom to choose to invest in them or not.
I worked and made my money. I have the right to spend it as I please. This is America the land of the free. At least that is what I signed for when I joined the Airforce.
I think I can figure it out. Please don't save the more lucrative (deemed complex) investment oppotunities for the already uber rich.
I have the sole ability to choose what investments I want to pursue. I oppose any restrictions of my right to invest in any public investment available in the market place. It is ridiculous to have to pass a special test so I may invest in a public security. If/when I invest in a leveraged and/or inversed fund, I do understand the risks, my goodness I am literate, educated, and capable of determining my own risk tolerance. Please stay out of my right to choose what types of public investments I want to invest in.
How I invest is none of your concern, nor is it any of your business. Why should anyone wanting to invest have to show a high net worth or read any material regarding investments? That is absolutely ridiculous. Stop trying to keep the little man down. If I choose to take a risk, that is my right in the pursuit of happiness.
I oppose this restriction to my right to invest. Those with a high net worth have traditionally been able to invest and greatly increase their wealth. Having more wealth to invest also means that they have a lot more to lose which often applies to complex investments. These restrictions would also force the public to utilize a broker which not only incurs a cost, but often results in a much more conservative approach to investing. How can the public or older individuals invest for their future or retirement if there isn't an ability to increase their investments relatively quickly?
We should do everything we can to let all investors have the same opportunity for returns as wealthy or high-net worth. Any regulations that limit access to investment options help to maintain the advantage of wealthy over those who are less so.
Regulators should not be able to choose the public
investments that are right for me.
I shouldn't have to go through any special process
like passing a test before I can invest in public securities.
Leveraged and inverse funds are important to my
investment strategies.