Ernest Ceccato Comment On Regulatory Notice 22-08
You let elected officials cheat the system (insider trading), let me invest legally without restrictions.
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You let elected officials cheat the system (insider trading), let me invest legally without restrictions.
To restrict is to deny the FREE MARKET and lead to the demise of trading eventually. LET THE MARKET RULE..
Leveraged investments have been the primary mechanism to achieving my personal retirement goals. Without them, and/or by adding barriers to restrict use of leverage investments, low net worth individuals may never have a chance to build any significant portfolio. It will hold them back and allow only the already rich to get richer.
To Whom It May Concern That is Trying to Intervene in The Market, I am a strong opposer of regulatory bodies protecting investors by interfering with an already not-so-free market by attempting to become an ever-larger babysitter. Please, give the market its voice back! If there is demand for various risky investment vehicles, allow that demand to be met by additional supply of new risky assets. You should allow people to lose their shirts if they are so inclined to do so (or contribute to their savings). That is their choice and responsibility as individuals.
I am opposing to any additional restrictions on my rightsfor trading leverage and inverse fund. Any additional restrictions put in place will further taking away the balance and fairness of investment ability and tools that available to general public. Let traders and market goes it's natural course. Stop imposing further restrictions to choke the rights and options of average traders. Stop interfering,and just let traders make their own decisions.
Honestly this is unbelievable, I could write paragraphs for the person reading this but Ill make it simple. Demonstrate a high net worth along with the other regulations being set in to motion is one of if not the most absurd thing Ive heard. Just come out and say the government is planning to keep the rich rich, and the poor as poor as possible.
Buying LEVERAGED AND INVERSE FUNDS is my right, especially in the down market.
The proposed rule is an over reach and unnecessary.
Please leave well enough alone. If you want to do some restricting then restrict Congress and their families from front running stocks.
I should be able to choose what is right for my investment portfolio. If I make the mistake and not do my research then its my own fault. I shouldn't have to take a test when its my own money im investing.