Ahmed Tayfour Comment On Regulatory Notice 22-08
The right to choose my investment I need nomtest process before investing Leverageed and inverse funds are important to my strategies
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The right to choose my investment I need nomtest process before investing Leverageed and inverse funds are important to my strategies
Government does not exist to restrict the freedoms of its citizens. It PROTECTS them!
The Government should not be over stepping their power by restricting us from investing in the way we choose. We know the risks and are able to make our own choices. We need to have all the options on the table.
Limiting citizens ability to trade leveraged funds, commodity funds, REITs and various other financial instruments is a direct attack on the citizenry and should be unconditional. This would be a hindrance on financial freedom in what is a world where opportunities and social mobility is increasingly hard to find. As a broker and US citizen, I vehemently oppose such a rule and think those who proposed it should be forced to resign of not worse.
Respected gentlemen/ladies, I have few things to say to you about these proposed new regulations: 1. Please let me continue to decide what I do with my money and where I put it. 2. Please let me continue to decide what my portfolio would be composed of and please stay out of my portfolio 3. Please don't tell me that I'm not intelligent enough to invest in public securities like leveraged and inverse funds. I have a very good understanding of them and I don't really need anyone to teach me about their prospects and associated risks 4.
There is no good reason that investors of any kind should be segregated and barred from any type of public investment vehicles, especially not on account of available funds. This rule banning certain investors from inverse and leveraged investment vehicles would limit individual investment strategies and only benefit large institutions. It is fundamentally unfair and disrespectful to the intelligence of retail investors.
It should be a right it invest in whatever product I choose.
I should have the right to be able to choose investments that are right for me and my family - not regulators. Public investments are called PUBLIC for a reason - they should be available to the public not a select privileged group that gets to profit while others miss their chance. I am capable of understanding leveraged funds and their risks and it is my money I am taking the risk with not anybody elses, so I dont understand why I am being asked to jump through hoops and pass tests to be able to invest my own hard earned money.
we should be able to invest in any product as we wish.
I oppose restrictions to my right to invest. Inverse funds are important to my investment strategy.