Steve Crippen Comment On Regulatory Notice 22-08
I use these products to hedge my portfolio. Don't make my life more complicated. Go after a real problem, like insider trading in congress.
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I use these products to hedge my portfolio. Don't make my life more complicated. Go after a real problem, like insider trading in congress.
This is absurd. I am quite willing and capable of making my own financial decisions. Leveraged instruments are used many different ways in addition to speculating. Hedging, for one very important application. Those of us that are professional and/or serious traders NEED instruments like these. It LOWERS our risk, it dos not increase our risk.
As the custodian for my disabled son's accounts, I need to reiterate what I said previously. I take my responsibility seriously and have for years. I am educated in reverse funds and have managed their funds using them for many years. I should have the same right to invest as I see fit as institutions do. The fact that these regulations imply an institution care more about my son's financial future than I do is both insulting and just plain misguided.
Please help single moms. I am a mom of a two year old little girl. I am up against a rigged system and the manipulation is quite obvious. Help the little guy. This is our chance by not selling to hedge funds in a company we believe in. We have to obey rules while these elitists bend and twist making money off of our hard hard earned dollars.
Leveraged and inverse funds should be able to be traded by anyone. Its my money and it is my choice on how to spend it. Individuals have the right to spend money and invest how they please. Yes, there could be risks involved but that is my choice. Every investment involves some sort of risk, even the top tech stocks, some of which have declined roughly 80% since their high a year ago. How can an inverse or leveraged fund be more risky than that? My money, my choice; just like my body, my choice. Meme stocks were traded by individuals, and a ton of money was made and lost.
I have read about the risks involved concerning leveraged and inverse funds. These products allow me to make allow me to trade and profit when the market is volatile and I do not feel restrictions should be put into place. I took a very expensive stock trading class and I understand the risks and feel comfortable making these trades.
I oppose restrictions to my right to invest in reverse and leveraged funds. Please do not substitute your judgement for mine.
I should be able to choose the public investment that is right for me and my family. Public investment should not just for privileged few. FINRA interest shows private few to get benefit out of PUBLIC fund. I object the restrictions or any measure introduce by FINRA on publicly traded fund.
It is important that small investors be permitted to use all investment tools, including leveraged and inverse funds. Those tools are the only way small investors can ever hope to compete with the large investors who are allowed to use those tools. Also, the size of one's investments is not an indication of lack of ability. Many small investors have more academic degrees and training than the regulators. Testing small investors will be a waste of time for the investors, the investment industry, the testers, and whoever is going to monitor the testing.
I shouldn't have to go through any special process like passing a test before I can invest in any public securities, like leveraged and inverse funds. I am quite capable of understanding leveraged and inverse funds and their risks and am actually insulted that you think you know what is right for me. I do not need these measures imposed on me or any other investor.