Frank Simons Comment On Regulatory Notice 22-08
Please all of these products were approved by you all. What people do not understand should not penalize those that do!
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Please all of these products were approved by you all. What people do not understand should not penalize those that do!
We people have the right to invest!
Leveraged and inverse funds are important for the public. Please do not add excessive regulatory burdens to these investment opportunities.
As an Investor on TDAmeritrade I was approved an account to invest. My expectation, as a customer, is that my brokerage provide me all the tools that any investor would have access to and NOT based on my WEALTH!!! By limiting investment vehicles to users based on how much money they have is wrong and is only used to keep people from getting ahead. Saying you are protecting me from loss is [REDACTED]. You're not my parent or my money manager you're just preventing me from gaining income like the privileged wealthy. TDAmeritrade provides me with the prospectus that explains the risks.
This is unconstitutional to try and take the rights away from everyday citizens to invest in inverse and leveraged ETFs.
You might not understand, but I do. You do not have the right to impose your ideas and restrictions on my freedom of choice. Period
Don't exclude the public from access to these funds.
Please do not impose restrictions on my ability to trade leveraged and inverse strategies. I believe the current advisory system issued to investors is sufficiently effective in educating the public of the inherent volatility in such strategies. More regulations will greatly limit the participation of the general public in such investments and would lead to these investments only being available to a select elite few. That is both un-American and un-acceptable in the realm of free markets.
Personal liberty demands freedom of expression, including freedom to invest as I see fit. If you want to protect the vulnerable, ban sports betting and state sanctioned lotteries which are truly regressive by every measure.
I should have the right to choose public investments. Regulators do not need to impose any measures to test my knowledge of leveraged and inverse funds and the risks involved. I use these investments to protect me and to seek enhanced returns as a limited part of my overall investment portfolio.