Denise Weller Comment On Regulatory Notice 22-08
Everyone should have the same rights to invest.
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Everyone should have the same rights to invest.
I've traded stocks since 1999, and options since 2005. But I spent about 5 years or so learning about options before trading them in earnest. The problem is that nobody reads the fine print they end up sighing off on anyway. The reason is the Ts&Cs are too long and arduous. And they are too long and difficult to understand on purpose so people will give up and check off the block that says they read it, when they actually did not. The only recommendation that makes any sense to me is requiring a qualification test.
I agree that there need to be guardrails in place to protect inexperienced investors from using leveraged and inverse funds as high risk gambles that could blow up their accounts, but I also think that these types of funds add value to the market as well as liquidity. Therefore, I hope that these funds will not be taken away, but simply changed to require some type of training or confirmation of understanding about how they work before they can be purchased.
Stop taking another freedom of choice from your constituents. Enough is enough.
I should be able to invest whatever amount and wherever I want.
I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
This is America - the land of the free and home of the brave, NOT the land of the oppressed and home of the coddled.
I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds.
I am capable of understanding leveraged and inverse funds
and their risks. I do not
need these measures imposed on me.
Individuals should maintain the right to choose the investments that they wish to pursue. Imposing regulations stymies innovation, entrepreneurship and wealth creation. Interest in Crypto is going to increase, and presents an opportunity for investors to increase their personal and retirement wealth. The more options available to investors, the better.
With the availability of information over the internet it is no longer reasonable to think that investors are not educated in all aspects of funds trading. Last year a group of talented amateurs was able to commit a short squeeze against major bank holdings that were too sure of their own intelligence. This clearly follows that basis to protect vested corrupt interest to the detriment of the individual investor through government overreach. This proposal is clearly too wide as it would encompass as "complex" a large percentage of the industry.
To whom it may concern,
I am sick and tired of government intervention in Americans daily lives. The excuse is always that