Donnie Ewers Comment On Regulatory Notice 22-08
Crypto assets are here to stay!
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Crypto assets are here to stay!
We should be able to invest how we prefer.
Stay out of my business. I dont need a big brother, leave me alone. Its a free country.
A reasonable review of an investors competence could provide value for these leveraged products. However, having invested for twenty years on my own, I will say there's less knowledge required and less risk in these products than individual options. Similar to leveraged products, individual stock options can also be used as a hedge or to provide higher growth potential, however, they take more time and effort to define the correct company, growth opportunity and risk reward potential. I can use these leveraged products and understand the risk reward scenario much easier. thank you.
Respected Sir/Mam, We appreciate rule making in the interest of consumers. But it is very important, we consumers be given the option to decide which funds are suitable for our risk appetite. We need the option to diversify and be able to invest in the ever growing Crypto ecosystem. Please do not impose any restrictions on us or our ability to invest in Crypto funds like BTCFX or BITO. It is an impotant part of our investment strategies.
This legislation significantly limits peoples' abilities to create and manage a diversified portfolio freely. Investors should be able to use their own judgment when making investments; it is not the purpose of and exceeds the scope of government to control a free populations ability to spend and invest their money.
Stop trying to restrict my right to invest in whatever investment I feel is right for me as an American citizen . I am an adult and do not need the governments to make financial decisions about what I can and cannot invest in. Stay out of my financial affairs as they are not your responsibility to manage.
I am more than a little tired of smug government bureaucrats telling me what I can and can not do “for my own good”. The proposed regulations are arbitrary, capricious, and imperious. That some people lost money by purchasing certain investment products is unfortunate to be sure, but as with all things in life, the saying caveat emptor is applicable. Do not punish those of us who have done our due diligence with these repressive measures.
As a former investment representative for Edward Jones I feel that I, not regulators, should be able to choose what public investments are right for me. I should not have to go through any special process, like passing a test, before I may invest in public securities, including cryptocurrency funds such as BITO. I am capable of understanding cryptocurrency funds such as BITO and their risks. I oppose regulators putting restrictions on my right to invest in public securities.
Individuals, not regulators should be able to choose the public investments that are right for them. Public investments should be available to all of the public, not just the privileged. Investors should not be discriminated against based on net worth requirements. Regulations restricting investments makes the United States less competitive worldwide for entrepreneurs and investors. The US government should focus on restrictions on casino gambling, lotteries, and high interest loan services that actually target low net worth individuals.