Nithyananda Narayana Comment On Regulatory Notice 22-08
I oppose the proposed rule
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I oppose the proposed rule
I oppose limitations on my investments, and support an investor's right to freely access the entirety of the public securities market.
FINRA, Most people, including myself, who have managed to save any money are fully capable of researching leveraged funds and deciding if investing in them suits our needs and risk levels. We should not have to go through any kind of special process or pass any kind of a test. These funds are mostly used to hedge against unexpected shocks to the market and must be entered into, or exited, in a timely manner. As such, putting any kind of a waiting period or cooling off period would cause much more harm than good.
I'd like to have a say on what I can invest in.
I have read that you are considering a new rule to impose substantial restrictions on investors being able to invest in certain types of investments which are considered "complex products," such as inverse and leveraged funds--and I'm opposed to such a proposal. Such funds offer opportunities to investors, especially small investors who are not wealthy, to survive turbulent markets--and to plan their investment strategy in a more flexible way. Such funds also save time in many ways and the restrictions you are considering would waste an enormous amount of investors' time, energy and money.
I strongly believe in the importance of all Americans to guide their own financial decisions, to pursue their investment goals without interference. I am many things: an attorney, a wife, an investor, a mom to be, a video game developer... But under these varied hats, a regular American. Investing in leveraged and inverse funds carries risks, but risk is how Americans built this country through the centuries. Please continue to let regular people manage their own finances and take calculated risks with their own money.
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged like hedge fund institutions. I understand a financial risk with these funds and know the consequences of covering the losses. You should not be the judge of imposing conditional regulations on each individual investors.
More government regulations not needed!!
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST.
Stop being big brother. I am happy to take a test demonstrating my knowledge of the product and risks I am exposing myself to. We have no access to private equity and other investment vehicles that have performed in the past. Why cant you give us access to the same opportunities wealthier people have? Stop denying opportunities to make and lose money!