Raymond Garcia Comment On Regulatory Notice 22-08
I feel that making decisions on my investments should not be governed by anyone but myself and my financial professionals.
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I feel that making decisions on my investments should not be governed by anyone but myself and my financial professionals.
I don't think it is right for Regulators to take control of how the public wants to invest in the future of their families, your trying to make the rich get richer once again, middle class people don't have a chance again, when a good thing comes along that's when regulators want to take over, where were you when crypto was just getting started, you didn't believe in it but now that you see its going to make a big difference to the world economy you want in. I don't have to take a test for any other stocks I own so why should I have to take one for crypto?
There is no reason individual investors should be denied access to an efficient vehicle of ownership of an entire asset class. Forcing individuals to seal with complex futures and/or expensive and risky crypto exchanges only deepens the gulf in access between inst. (wealthy) and indiv. (middle class) investors. Per federal law, it is legal for any US citizen to own crypto currency. If there are any restrictions that need to be implemented, they should be done by our legislative branch of government (Congress), not via arbitrary restrictions drawn up by a handful of people at FINRA/SEC.
I would like to choose the public investments that are right for me without any restrictions. I am capable of understanding funds such as Funds Selling Short and their risks.
It is very important that we have freedom to decide for ourselves and our families how to invest our own money.
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.
• 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 quite capable of
understanding leveraged and inverse funds and their risks.
I do not need your measures imposed on me
Why would you shut this down? Bitcoin is apart of the fabric of a newer technology. It has tech stocks such as the QQQ imbedded within in. That would be wildly unfair and make no sense
I strongly oppose any limitations on my ability to buy the cryptocurrency funds offered by ProShares.
I do not support this rule change. Using leveraged etfs has been essential to many retail investors including myself. They have helped me hedge my portfolio in certain times and generate excess returns during other times. If you take leveraged etfs away it will cause retail investors such as myself to lose a lot of money, especially if you take these away while the market is far down from all time highs. Please do not impose anymore regulations on leveraged etfs.
Crypto currency funds such as BITO is important to me to diversify my portfolio. It is also safer to buy BITO than buying Bitcoin directly.