Matt Elzey Comment On Regulatory Notice 22-08
I should have the right to invest my money into whatever I want whenever I want. I am an avid investor now and want to continue that with no changes.
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I should have the right to invest my money into whatever I want whenever I want. I am an avid investor now and want to continue that with no changes.
Please do not limit the average person's ability to trade leveraged and inverse ETFs. Add an option requirement like options if you must, but please do not take away yet another tool less wealthy investors can use to maximize the value of their trades. Risk is an inherent part of the market and just because something is risky does not mean that it can't be understood by the average person. Stop restricting us and let us trade.
I want to preserve my right to choose to invest in public funds. Its disrespectful for government to assume they are more intelligent and can make better decisions than me about my own personal matters. Sometimes I win sometimes I lose but its always my choice
Comments:
I have been investing in the stock market for almost 39 years including 29 years working as a financial advisor.
I have traded leveraged and inverse ETFs
in my own account and understand the risks of same. Fidelity has provided ample warnings of the risks associated with these
Instruments. I would be supportive of FINRA efforts to protect investors for whom these ETFs would be unsuitable but opposed to any rules changes that would impact my ability to trade them.
This regulation could adversely affect the fair share price
Please do not place restrictions on my right to invest in ANY funds, including leveraged.
It is concerning that more and more opportunities for folks to invest and further their potential to build wealth are being shut down. If something is "too complex," then there should be more education to help people to better their lot, not just allow a select few to be able to take advantage of rigged systems to make money hand over fist.
This is an insult to my ability to make decision to invest the way I want in a free market economy. Please do not pass this restrictive and unprecedented restriction on my freedom to do what I see best with my money!
It's especially important regulators hear from you in your own words. Please use the body of this email to customize your response. It is not right to try to take our rights away you will be er tell me do what to do
I invested in leverage ETFs for almost 4 years. I would not be able to reach my retirement goals without these products. I have already met all your proposed safeguards through Fidelitys control process, with the exception of a written test. Please have your legal team spend their time on more important issues. Your proposal is mostly redundant and an interference with innovation.