Paul Pippin Comment On Regulatory Notice 22-08
This proposed rule is not necessary or needed. You have no right to tell me what or how to invest my money. Nor do you have the right to quiz me or challenge my investments.
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This proposed rule is not necessary or needed. You have no right to tell me what or how to invest my money. Nor do you have the right to quiz me or challenge my investments.
I oppose restrictions to my right to invest by not being allowed to buy leveraged and inverse funds at risk. I 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. There should be no special process I have to go through to invest in public securities when I am capable of understanding the funds and their risks. These are important to my investment strategy and have been.
Don't impose restrictions on how I choose to invest. And do not require me to take some kind of exam to prove that I'm worthy to invest in inverse and leveraged securities. I choose to invest in these instruments as part of my risk management. I DO NOT want the government telling me that they know best. STAY OUT OF MY INVESTMENT LIFE!
It's ludicrous that such a proposal is being considered. I'm not against regulation, but this is beyond a nanny state. Inverse funds are crucial to my investment strategy, and have proven themselves extremely useful and profitable. Leveraged funds can also be useful. Please listen to the investors - we're not children, and can make our own decisions. Many of us have been doing so quite profitably.
I use inverse ETFs to reduce investment risk by hedging my common stock investments. We don't need additional advantages for the privileged, such as limiting access to these investments. I understand the risks of adverse ETFs and don't need protection. As for others, they may not understand the risks of investing at any time. Should we restrict them, how? Is there no responsibility for the investor to learn and accept risk?
I believe that investing should be up to the choice of the individual investor. Government interference into the 'free market' is a heavy hand that weighs in favor of the large, investment firms. I vote that choices remain 'as is' with no adjustments or Government interference.
I am strongly against your SEC proposed rule #S7-24-15. We want less regulations from you not more.
I oppose the proposed plan
Stop trying [REDACTED] with retail investors! Enforce the rules on short hedge funds, stop dark pools and naked shorting. Retail has removed hedge funds from operating and we can remove your agency as well. Retail ain't nothing [REDACTED]
I've been investing in inverse and leveraged funds for the last 2 years. They're a valuable tool to gain exposure to other sides of positions, such as short ARKK (SARK) without having to worry about things such as options or short squeezes. Please reconsider any restrictions you may be considering.