Carolyn Conti Comment On Regulatory Notice 22-08
The government has no business in deciding what investors can invest in. It is their money and should remain their right to invest as they see fit. No interference from the government is necessary.
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The government has no business in deciding what investors can invest in. It is their money and should remain their right to invest as they see fit. No interference from the government is necessary.
I've been using leveraged ETFs as well as ETNs for years. Why should I suddenly be subject to restrictions on products that I understand the risks for. Investing in these products isn't actually inherently riskier than simply investing in an individual stock, even a popular and widely-owned one (and indeed often is LESS risky, depending on the specifics of the stock).
I am very concerned about the potential for regulatory over reach in controlling the management of personal portfolios, particularly hedging opportunities presented by leveraged ETFs. I object to new rules. Margin requirement management by brokers is most effective. Do not become a nanny state. No value in that, except for ineffective bureaucracies. I am retired but worked in the industry for my entire career. The industry is individual customer-focused. The government is not. I cite the mortgage debacle of government interference in an open market (no doc loans?). Who proposed that?
If we are truly a democracy than everybody should have the right to choose what they want to invest in. If is unfair that only people who have lots of money are the ones allowed complete freedom to invest in whatever they want. Those so called smart investors are constantly being bailed out by our federal reserve at us unsophisticated investors expense.
This is The United States.. We do not need the Government to control are lives... We have freedom of choice... and freedom to use legal host investments to secure our future.. Please spend your time finding insider traders and other criminals.. Leave us alone...Cigarettes and marijuana is OK... but I cannot invest how I want ? Shame on you.. stay out of my investment ideas....
As an investor of moderate means, I appose this proposed rule. All investors should have equal access to investment options. It should be my decision, not FINRA's, as to what is appropriate for me.
I want to invest myself not by regulators.
It is of utmost importance that people have the full freedom to deploy their money into whatever they want without major obstructions.
As it is, to protect investors, ETFs already have disclaimers, which spell out the risks. In addition, some broker accounts won't even let investors buy some ETFs or penny stocks unless the risk profile is set to be "aggressive".
I should be able to choose what investments are right for me. I know the risk in leveraged funds, and know only to invest a small portion of my money in them, and to have a diversified portfolio.
Let everyone invest, No one should have the right to say who can invest