Chad Koepke Comment On Regulatory Notice 22-08
Allow people to trade and take risks as they please. Big daddy government already intrudes enough into the lives of citizens and markets as it is.
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Allow people to trade and take risks as they please. Big daddy government already intrudes enough into the lives of citizens and markets as it is.
I strongly oppose this arbitrary regulation that arbitrarily singles out leveraged and inverse etfs to high net worth individuals. This is clearly a case where regulators are falling prey to political pressure to "protect" investors. These funds are incredibly useful in instances where trading futures is not available. In addition, the risks inherent to inverse and leveraged funds are no different than higher beta individual stocks. What's next, prohibit non-high worth individual investors from trading those?
While it is imperative for FINRA to protect all investor's interests from their actions and inactions, these proposed regulations would create arbitrarily onerous barriers to financial instruments for everyday retail investors. These would only benefit high net worth individuals and investment firms--especially hedge funds, those of whom already impose their market dominance upon everyday investors.
I am against being limited to purchase pro shares inverse etf's. Do not allow regulators to limit the purchases and manipulate this market.
Dear FINRA Regulators, I write to express my objection to proposed Rule #S7-24-15. I should not have to be a member of an elite privileged group to use public investments like leveraged and inverse funds. These investment vehicles have been an integral, but limited part of my hedged portfolio. Depriving me of that choice does not reduce my risk but increases it. I have used leveraged and inverse funds to good effect and should not now become subject to being tested by regulators in order to have access to these Public investments.
I disagree with this proposed rule. This is another attempt to rig the markets and shut-out retail traders. This is totally absurd and corrupt.
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. I have been investing since the third grade and have been a licensed broker and am capable of understanding leveraged and inverse funds and their risks. Regardless of my background this is move is over reach and I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I do not need these measures imposed on me.
I oppose the restriction of leveraged and inverse funds. I think this is a balance of both directions on the stock market.
please let me make my own investment choices , thank you