Louis Henken Comment On Regulatory Notice 22-08
There are too many restrictions at the present time. There is no need to create more of them for the sake of political posturing.
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There are too many restrictions at the present time. There is no need to create more of them for the sake of political posturing.
I do not appreciate regulators trying to restrict opportunities to advance ones wealth in life by telling them they must have knowledge, be certified, or already have wealth. This restricts people already at a disadvantage. Very similar to telling blacks and people of color that the must be able to read in order to vote. This considered rule is a straight discrimination.
I oppose restrictions to my right to invest in leveraged and inverse Exchange Traded Funds. There are already risk notification requirements for these investments. By their nature of being a fund, leveraged and inverse funds can be safer than using account margin or short selling. Leveraged and inverse vehicles allow me to participate in markets as I see fit. I do not want additional measures imposed on me.
Leveraged and inverse funds are very important for my investment strategies in order to protect my capital from adverse movement of financial markets.
I oppose restrictions to my right to invest. Public investments should be available to all of us. I do not want any regulations to prevent me from investing in leveraged or inverse funds. My decisions are critical to the health of my portfolio. I have been trading many years. There are already enough regulations in every part of my life. More regulation takes away my freedom to trade as I see for my family.
I have previously submitted my thoughts but want to take a minute to reiterate them. Leveraged and inverse funds play a very important role in my personal investments along with our corporate investment strategy for clients. When used by professionals, for clients who understand them, they are very useful tools for actually reducing risk and enhancing returns. This should be left to the free markets where all parties should have the ability and freedom to invest in what they they choose without any additional oversight or limits.
Want to make the most impact? 1st Stop insider trading in house, senate beyond. The fact that you don't address this issue shows who and what you care about. 2nd End share buy backs that inflate perceived value of corp. 3rd Have independently chosen board members on corporate boards and make them accountable to their share holders. Thanks for your time, but I doubt that you listen and WE as a country will definitely realize the impact of the greed, graft, and corruption that you allow to persist.
It's my money I am investing. Not yours. Why do you have a say in what I invest in? How is this protecting me? I understand all risk involved.
Governmental intervention has unpredictable and unhealthy consequences for investors such as myself. I strongly oppose restrictions placed on buying leveraged or inverse funds. Investors, such as myself must be allowed to make decisions that will permit us (me) to leverage various commodities in market downturns as well as upturns. Similarly, we (I) must be allowed to buy leveraged or inverse equity or bond funds in up and down markets. These types of funds are critical to my investment strategy and my financial survival.
I have been investing in leveraged etfs for years and have found them to be perfect for my risk tolerance. I do not feel it is at all appropriate for you to revoke my right to do so.