Jason Odneal Comment On Regulatory Notice 22-08
I should be able to chose my investments and not regulators. Investing in cryptocurrency funds, such as BITO, is important to me and what I believe is my right.
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I should be able to chose my investments and not regulators. Investing in cryptocurrency funds, such as BITO, is important to me and what I believe is my right.
Please maintain the ability of inviduals to purchase crypto currency ETF.
I am a successful investor with many decades' experience. Every investment I ever made required me to analyze the risks. Some worked and some failed. I will make my own decisions. The notion of passing a regulator designed test of risk sophistication is ridiculous, frankly insulting. The entire lot of your staff has no more - and probably less - risk assessment expertise. Why should I submit myself to their permission or disapproval? Nonsense. There is another aspect to your proposed policy: these are publicly traded instruments.
BITO I bought a small shares. It should not be removed.
Do not limit my financial decisions.
If I chose the risk of investing in a leverage ETF, that is my choice.
I oppose any restrictions on my rights to invest in public investments like BITO or crypto currency. I should be allowed to invest my funds as I see fit to.
I am a self directed trader like millions of others. I fully understand the risks and conditions under which I trade. Leveraged products are a vital part of my investment strategy. It would be wrong to limit access to traders like me.
Seriously - you must believe that people with money who choose to invest are stupid. Stop "protecting" people from their constitutionally protected decisions. Society will continue to be dumbed-down because of your over-reaching "protection." Please stop!
Remember back when we used to say "it's a free country"? Remember back when our guiding mantra was personal responsibility? It's not too late to recover the essence of American freedom. That means LESS regulation, not more. Wealthy financial institutions may have convinced you that we plebs are too unsophisticated to make good decisions, but even if that was true, it wouldn't matter because America is at heart a free country. It's up to you to keep it free. Do not impose ANY limitations on how we the people of the United States of American may invest our own money. God bless.