James Young Comment On Regulatory Notice 22-08
American's investments should NOT be regulated NOR taxed by the Government!!!!
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American's investments should NOT be regulated NOR taxed by the Government!!!!
Protect our right to make our own choices.
My opinion is options contracts are far more inherently dangerous for inexperienced investors. I believe leverage funds have gone to great length to explain their products and cost and inverse funds can help mitigate downside risks in a portfolio. Neither leverage nor inverse inhibit what the market is designed to do: price discovery. Index funds also skew the market but are fantastic investment products. Caveat emptor or a fool and his money...
This is a big overstep. Leveraged funds are a safe and good investment tool. If you are concerned about complex investments, options should be addressed first. Too many inexperienced investors get into options and lose the money they have invested. That needs to belooked at and further regulated first.
ProShares, a purveyor of leveraged ETFs among other "complex products", is canvassing its shareholders to submit public comments here. I am one such shareholder, but personally I'm glad that FINRA is helping to protect investors from the pitfalls of complex products, which, as the notice rightly states, can be dangerous to the uninformed.
Its my money my right to invest in any thing I want that how it works in a free country
In a free country one should be able to invest in what they choose.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
I should not have to go through a special process or be subject to other governing agencies for investments I see best for my financial situation
Cut out the babysitting. What part of free market is going over your head? Do something useful like preventing selling short more stocks than there are in the float. Do something useful like regulating corruption in businesses. Do not take my rights away because you were given the idea by a nice dinner with some lobbyists.