Joseph Penza Comment On Regulatory Notice 22-08
This rule is Ill advised as individuals must have the freedom to select their investments without cumbersome regulations.
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This rule is Ill advised as individuals must have the freedom to select their investments without cumbersome regulations.
I am an individual investor who believes a person should not need to go through a special process before being allowed to invest in public securities. To invest is to be aware that markets fluctuate and carry inherent risk -- any serious investor learns this quickly. I should not have to jump through hoops or demonstrate I have an arbitrary net worth before investing in leveraged or inverse funds.
Quit trying to take total control of our economy. We the people will NOT allow it & you will suffer more than us.
As an investor for over 60 years I find it to be questionable, at best, that actions such as those included in Notice #22-08 are being considered. People have the right to invest their money as they see fit. It is not the function of regulators to shelter investors from risk.
The common man or woman should have access and ability to make investments in any market they so choose.
I, as an investor should be able to decide where i invest my money so long as the investment is legal, without a regulatory authority deciding if Im competent enough, intelligent enough, and wealthy enough to invest in a certain investment. How hypocritical is it that i can take my entire savings to Vegas and put it on red or black at a roulette table without any oversight from a regulatory authority, but i wouldn't be able buy an ETF that is based on Bitcoin Futures? It really does smell rightlike protecting investors is not the primary concern in passing this proposed regulation.
I disagree completely with not allowing free cryptocurrencies exchange. I am voting for free cryptocurrencies exchange.
Let me make the decisions about my finances. I am fully aware of the risks and fully capable of absorbing losses if they occur. I don't need regulators second guessing a situation only I can be aware of.
Leveraged ETF's are an excellent way to get 3x exposure without the risks of using traditional leverage! This would be a horrible, HORRIBLE event for many many people's retirement accounts!
KEEP AMERICA FREE TO INVEST AND PROSPER!