Harold Miguez Comment On Regulatory Notice 22-08
I dont want government control over my private and personal investment.
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I dont want government control over my private and personal investment.
What makes free markers is the ability for everyone to invest
on equal basis without discrimination or creating barriers of entry under assumption of complexity or lack of education.
Current disclosure contain sufficient information on risk associated with investing, additionally there are plenty of educational material already available on "complex" investment strategies, therefore anyone who wishes to get educated all the material is available at hand.
While I agree with regulators trying to protect investors, denying only certain investors access to certain investments is a step further in the wrong direction. Regulators and government need to start enforciing the current laws and regulations more fairly and less selectively, and more quickly, than we are seeing today.
Thanks
The right to invest is a freedom of choice and having that right taken away is unconstitutional, unethical and is anti-capitalism.
I personally wish to continue to invest in cryptocurrency (and BITO) just like I trade on the foreign exchange as well as on the stock market.
We do not need less choices as investors we need more, especially short term investments that can help us use a smaller amount of capital to hedge our investments. Keep leveraged and inverse funds. Thank you.
Dear sirs and/or madams:
College educated, good job, and young. I use leveraged funds because I can afford higher risks. I don't think it is up to regulators to determine who can and can't play ball.
The decision for an individual to invest in any stock, bond, commodity or derivative future never be restricted by a subjective analysis of an individual's understanding of that particular investment instrument. Risk in investment is a specifically individual decision to made by an investor.
If an investment instrument is so complex as to need restriction to only the high income or specially educated, they shouldn't be restricted, they should be outlawed(made illegal).
It makes NO sense to require testing and other regulatory restrictions on the use of inverse and related funds. I utilize them in hedging activities when risk within the market becomes excessive without the need to sell securities at short-term taxable gain. I have a brain and am perfectly capable of understanding and determining when to use such securities. I do NOT need PERMISSION from ANY authority (including FINRA or any broker) to invest my own funds.
Keep your hands off my already taxed savings. If you had any brains you would figure. Out how to control your spending. You have already proven that you don't have the necessary brains. You have to go.