Robert Ewertz Comment On Regulatory Notice 22-08
Leave my investments alone. And checking and savings.
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Leave my investments alone. And checking and savings.
I won't speak to all "complex products" - but the vague, undefined and arbitrary definition should be more tightly drafted to not include or restrict retail customer access to investments as relatively simple as a 2x or 3x index-based fund. These types of investment can help pass along economies of scale with respect to borrowing and therefore increase access to the markets for precisely the type of investors increased regulation would hinder, with far less risk than 'simple' but highly volatile stocks or funds.
I am 42 years old and I am fully capable of making my own decisions and what is best for me. I do not need big brother telling me what I can and can not buy as an investment. this is govt overreach. I suggest you leave it alone and let me handle my business the way I see fit.
I oppose regulatory restrictions that will limit my freedom to buy and sell cryptocurrency funds. I currently own several of these investments and I feel completely capable of learning on my own what I need to know in order to transact without significant risks or harm. I support the expansion of cryptocurrency funds, including ETFs. I do not support increased limitations and "guardrails."
You 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.
This is not fair for only rich ppl can invest leverage etfs
Thank you for protecting folks that would otherwise get swindle by fast talking salespeople
Leveraged index funds/etfs are no more complex than any other etf or index fund. The increased volatility is obvious and easy to understand.
I am against the FINRA Proposed Rule #22-08. Under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy. Rule #22-08 upends that principle, giving regulatorsnot methe power to decide what public securities I can and cannot invest in. Investors have the right to freely access the entirety of the public securities markets without arbitrary restrictions. I am capable of understanding my investment choices and their risks and do not want these measures imposed on me.
I use inverse funds and do not see a reason for FINRA making such choices more complicated, or, even worse, outright impossible. Just today, Direxion announced reverse splits for two of my holdings CWEB and YINN. I understand such occurrences and have not seen anything untoward going on where I feel in need of FINRA to be involved between me and my investment purchases in this regard.