Michael Wood Comment On Regulatory Notice 22-08
All of these criteria are very reasonable and should be applied.
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All of these criteria are very reasonable and should be applied.
I can see your concerns, but the proposed approach it is not the proper one. It appears to be at least discriminatory and distorting. I can write many pages, but I will be very brief for two of the points: 1. Demonstrate a high net worth : This is discriminatory. The absolute value is irrelevant. What is relevant is a relative value. (If someone's net worth is $100,000 and choose to invest $1,000 to crypto funds is the same as with someone else whose net worth is $10,000,000 and choose to invest $100,000. Both chose to allocate 1% of their net worth). 2.
I would request that you legalise and regulate cryptocurrencies and exchanges rather than restrict the rights of individuals to invest in them. Thank you
As an individual investor, I find leveraged funds essential to my long-term financial plans. While I understand that such funds can be harmful to those who do not have discipline or training to use them well, many other individual investors like me use them profitably. Please do not curtail our freedom to use leveraged or inverse funds.
this is [REDACTED]. I am grown. another attempt to restrict my success. i fear this is all to take away independence because of perceived injustices when in reality, this ia about institutions making money at my expense. FINRA what a joke
I strongly oppose SEC proposed rule #S7-24-15. My wife and I both have most of our life savings invested in IRAs, both traditional and Roth, with Fidelity Investments. A small but significant portion of our portfolio is currently in the ETF BITO. We were forced to use that ETF because we are not permitted by government regulations to directly own Bitcoin or any other cryptocurrency in our IRAs, a restriction I also object to. I should be allowed to invest my life savings however I wish.
Please allow individual investors to make THEIR OWN decisions. Thanks
Hi, I'm an everyday investor, saving and trying to grow a retirement nest egg. FINRA is proposing to disallow certain investments that I already have with ProShares. Can you please let individual investors decide what they wish to invest in? I have no need for a "nanny" to decide where I could or should invest the money that I've earned.
I am not a child. If I want to invest in an inverse fund I should be able to. I understand the risk. Stay out of my life.
Investors not regulators should decide if they want the extra risk of leverage.