Barrett Gold Comment On Regulatory Notice 22-08
I value disclosure and transparency, but do not feel that I should be restricted from investments based on the governments assessment of my capability to understand financial products.
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I value disclosure and transparency, but do not feel that I should be restricted from investments based on the governments assessment of my capability to understand financial products.
These proposed restrictions on my ability as a lifetime worker and saver is a clear example of overreaching regulation that could deny me to invest my savings in securities through my brokerage account. I primarily invest in American companies, do not day trade and do at times invest in leveraged and inverse funds. I understand the risks of investing and have spent time and considerable money to educate myself about markets and purchased research services. Do not treat me or fellow Americans as children.
To whom may concern. Short stock ETFs are an important part of my portfolio. They help offset losses when market goes down. I dont have the knowledge to short stock on my own. Please keep the ETF for the regular investor.
Please DO NOT block regular investors from investing in leverage funds. All investors should be allowed to choose what they will invest in for themselves and their families. Leverage and inverse funds are important and provide another avenue for portfolio growth. I have invested in funds such as UVXY and it has been very effective and profitable. Please allow me to continue to do this to grow my portfolio as I approach retirement. Thanks.
I use TQQQ and SQQQ quite a bit. Don't want to see them go away.
Right, just let the rich use the inverse funds. Typical bull [REDACTED].
These leverage and inverse investments products are important tools in my portfolio. I can use these to protect my investments in different ways. I should not have to go through special processes and be limited in the tools Availlable to me as an investor. Please do not restrict retail investors and put us at a disadvantage vs investments banks, hedge funds and others.
I use these products to hedge my portfolio. Don't make my life more complicated. Go after a real problem, like insider trading in congress.
This is absurd. I am quite willing and capable of making my own financial decisions. Leveraged instruments are used many different ways in addition to speculating. Hedging, for one very important application. Those of us that are professional and/or serious traders NEED instruments like these. It LOWERS our risk, it dos not increase our risk.
As the custodian for my disabled son's accounts, I need to reiterate what I said previously. I take my responsibility seriously and have for years. I am educated in reverse funds and have managed their funds using them for many years. I should have the same right to invest as I see fit as institutions do. The fact that these regulations imply an institution care more about my son's financial future than I do is both insulting and just plain misguided.