Andy Yeh Comment On Regulatory Notice 22-08
I do not need anyone to limit my own investments
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I do not need anyone to limit my own investments
I am a 74 years old retired COL USArmy with a Masters degree. I do not need a [REDACTED] nanny state to tell me when, in what, and how much to invest in what every investment I wish. It is my money to loss or gain. So [REDACTED]!! PS Do something import [REDACTED]!!
I know you guys are trying to justify your bureaucratic existence, but please stop pretending to protect investors from themselves with these silly rules. You are barking up the wrong tree here. If you REALLY want to help small investors, start investigating all the manipulation going on by the BIG DOGS and do something about THAT!!!!
To Whom it May Concern. I do not like the current SEC to be changing the rules. In a democracy, people should have a right to invest their money as they see fit. Government is not responsible to protect people from everything. In the world of the financial markets, investors must follow the rule of Caveat Emptor. If government becomes too regulatory in a capitalist economy, then it is no longer a capitalist economy. Leave well enough alone.
We, not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. Leveraged and inverse funds are important to us to hedge investment risks or seek enhanced returns
Do not take away access to leveraged funds. These are important tools and they are not terribly dangerous. Why attack these? Do something more useful like make it illegal for short sellers to "manufacture" fake shares and make the consequences very very expensive for breaking the law.
Don't you dare take this right away from investors. If this rule passes I'm pulling everything out of the market.
Investors should decide what products to buy and sell. Where is the "freedom" hypocrisy/propaganda [REDACTED]?
The increasing restrictions on regular individuals is impeding entrepreneurship and small businesses in this country and favoring big corporations, whales, and ultra rich. Limiting the tools for the average person isn't helpful. This isn't only evident in this proposition but also in your limitations on crypto companies like FTX etc... I suggest you place a warning in clear and big and obvious place on these tools, but not banning them. Place a referral to your courses if you want.... Stop banning stuff and raising the threshold for normal people to get into the game
I would like to strongly express my displeasure with the SEC proposal to restrict my freedom to invest in any instrument of my choosing. I have been trading financial instruments for twenty years and do not need your opinion as to where I should or should not invest. I find this highly invasive of my privacy and freedom. Leave me alone.