Ronald Chippi Comment On Regulatory Notice 22-08
I totally object!!! This is contrary to freedom!!! You have no right to do or even think to do something as this!!!
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I totally object!!! This is contrary to freedom!!! You have no right to do or even think to do something as this!!!
This is targeting retail investors and there ability to trade. We are already at a disadvantage to large investment firms as we cannot trade after hours like they can. I personally have hedged myself against a down market. This is a direct attack on my ability to time a down market and change my life. If you decide to take these measures you are making a clear statement to the American people that you do not support them.
Dear FINRA. I am an individual investor writing to ask that you not regulate, restrict, or in any way make more complex the task of investing in leveraged or inverse funds. The markets are a two way street. It is important to be able to manage one's money on both the long and short side. Beware unintended consequences of your decisions.
I oppose restrictions to my right to invest in leveraged and leveraged inverse ETFs.
I oppose restrictions to my right to invest in leveraged and leveraged inverse ETFs. In a down market, they offer a good hedge.
I oppose restrictions on my right to invest in public investments. Public investments should be available to the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities.
To Whom it may concern: I do not think any obstacles (or new/further obstacles) should be placed between investors of all kinds and the ability to buy leveraged and inverse funds, and other types of products that allow investors to bet not only for, but also against, various securities, sectors of the market, debt instruments, etc.
Inverse and leveraged securities are critical to an investor's ability to hedge portfolios and/or have an opportunity to make money in down or volatile markets, such as the one we are in right now. Without these ETFs, the only options we have for hedging are buying puts or short selling, which is infinitely more dangerous to the retail trader than owning an inverse/leveraged fund. By taking away my right to use these securities, you are limiting my investing options to long positions only, and removing my ability to protect any profits earned from those positions.
Leveraged and reverse products are very important to me. I use them to hedge the rest of my portfolio, especially in times of high volatility. I believe These products should remain widely available and I be allowed to use them with no delay
This rule is ridiculous, just another attempt to keep poor people poor and the rich, rich. It's a shame that the so-called American dream has turned into a nightmare.