Laura Newbold Comment On Regulatory Notice 22-08
Don't be taking our FINRA away. I like the way it works
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Don't be taking our FINRA away. I like the way it works
I do not support limiting the public from trading in any public investment or instrument. While I do think we need regulations from scams and ponzi schemes, legitimate risky investments should be allowed for everyone. It should be an investor's choice no different from the general public to lose all their money in buying state lottery tickets and gambling in general. We make sure the playing field is fair then allow people to make their own informed choices. Thank you for listening.
Dear FINRA,
I strongly urge you to let investors invest freely, the freedoms this country was founded on have enabled it to prosper. I currently am invested in many different places including accredited investments. Please do not add investment friction to the marketplace while taking away freedom!
I use the leveraged and inverse funds as important tools for me to hedge and speculate at the appropriate time to complement my stock portfolio. Over the years, I've learned the risks and rewards of these funds. There should be some minimal restrictions on the usage of public investments to protect new or beginner investors, but not experience investors. Thank you.
The proposed rule would be a huge misstep. Investing strategies which use leverage, especially leveraged exchange-traded funds should not be restricted to the rich, they should be available for every investor. Decades of investment research show that maximizing the efficient frontier using a diversified portfolio, such as stocks and bond funds, and applying leverage is superior to individually picking stocks without leverage, and has lower risk and drawdowns. Leveraged ETFs have made this fundamental investment truth easy to implement for investors regardless of net worth.
I recently learned of Finra's interest in taking the choice of how an individual investor wants to invest away from them. Regulators should not have the ability to limit how an individual wants to invest his/her funds. There are already plenty of government regulations that limit how much we can invest in tax deferred options. The government should also not limit investment options to just the privileged, it should be available to all. With the absence of pension plans, the onus is on us as individuals to properly prepare for retirement.
It is the right of the people to decide how and where to spend and invest their dollars. This was not and should not be the job of the federal government.
The proposed rule limits access to investments and and gives more power to unelected bureaucrats. I oppose these restrictions on the right of myself and others to invest freely.
Investment interests for the public, that correlates to a "We the people," not a we who want to capitalize on the many few.
Let US invest for our public commodity especially for things that are being imported.
Everyone should be allowed to invest into the new markets like cryptocurrency or NFTs or web3 but we also need fair and balanced regulations that protect investors from fraud and rug pulls from bad actors or cryptocurrency companies who are not being prosecuted at this time! Make this a personal goal to change cryptocurrency for the better.
I have a modest net worth and am not an investment professional, but have spent 15 years investing in individual stocks, ETFs, and mutual funds. As I have gained experience, my investment thesis has become quite simple: You either believe stocks will go up in the long run, or you believe they will go down in the long run. If you believe the former, then the logical next step is to get as much leverage as possible into a long position on the S&P500 or similar index.