Leroy Allen Comment On Regulatory Notice 22-08
I do not need these measures imposed on me!
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I do not need these measures imposed on me!
As an individual investor, I should be able to choose public investments that are right for me. I shouldn't need to seek regulator's permission for investment choices that are only for the privileged. I shouldn't have to go through any special process (cooling off periods, passing a test, etc) to be able to invest in public investments. Leveraged and inverse funds a among many investments strategies that should be made available to individual investors.
What good purpose is achieved by such restrictions? An important negative of such restriction will be reduced volume and open interest in such investments, making them even risker for those still permitted to invest. Expert investment knowledge and skill does not insure successful investment. The market itself is the best instructor for all investors. Let the best teacher instruct.
I like my investment choices to be my own. thank you
I believe investors should be allowed to invest in complex products and options regardless of the level of their net worth as long as they have an understanding of the products and the risk involved. I oppose limiting these investment opportunities to only high net-worth individuals.
I'm not sure where you are getting this idea from. But whether it's from rich Hedge Fund operators who don't want people to be able to manage their own strategies without high fees; or from politicians who just want to control everything; or from people who lost money doing something they had no business being involved with (i.e. stupidity). It doesn't matter, this is a terrible idea. You sit there and let Cryptocurrency-crooks run rampant, stripping the gullible of any chance, and instead of stopping them you are doing this.
It is important to me that you know I am against SEC Proposed Rule #S7-24-15.
Public investments must be kept available to the public without restriction. Wall Street cannot be just for the insiders and the privileged. Financial literacy should be taught in schools. At this point, I have educated myself.
I am not an expert in the field of investing. I would like to tell my advisor what I would like to happen with my money. I feel that we are a free country allowed to choose where my money will do me the best. If I have to qualify to make an investment I probably would not do this. I would be using my bank for the little interest I could make there. Now I can pick where I want my money to go. I like to have a diverse portfolio. Investing in small countries and Mom and Pop business is something I like to do. Please do not change this for me.
I should be able to choose the public investments that are right for you and your family.