William Hinton Comment On Regulatory Notice 22-08
Suppression of our freedoms and the road to communism!
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Suppression of our freedoms and the road to communism!
I urge FINRA to continue to protect the right of choice in how to best protect our investment portfolios in order to help achieve long-term financial security. My fear is that regulations could be too broad and difficult to interpret and therefore, Unworkable: The definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. - Furthermore my fear is that understanding the complex definitions could become subjective and could lead to unfair or even discriminatory treatment of investors.
Let us individual investors decide if we want tp leverage our bets or not. We are grown up adults for the most part.
It is ridiculous that FINRA puts in place rules which supposedly "protect" citizens, when in fact these regulations prevent ordinary people from making money on the stock market. Meanwhile, because regular people are excluded, Wall Street fat cats get to run rampant, making huge profits and taking money out of the middle class economy. As far as I can tell, FINRA protects Wall Street brokerages and high dollar investors with the claim that those who have less that 25K to invest or aren't licensed to invest for others are ignorant and unable to think for themselves.
I am fully capable of understanding and managing the risk of trading leveraged and inverse funds. I use them regularly as part of my portfolio. Restrictions on trading these funds will negatively impact my ability to manage my own investments. Hands off !
I oppose limitations on your ability to buy the Funds!
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I'm capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me.
I don't feel it is the place of FINRA to assess my qualifications to participate is the US economy. I do not need US regulators measuring my fitness to invest my money.
Hello, I do not need the government to protect me. If I fail to understand how a financial product works it is not the fault of the government but the fault of myself as I failed to educate myself. I personally have done very well with leveraged products as I bought in during a market crash and sold a while later.
I use leveraged funds. Don't restrict their use. No one is forced to use them.