Paul Hon Comment On Regulatory Notice 22-08
I am against this proposed rule.
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I am against this proposed rule.
I am opposed to a plan which makes restrictions on being able to buy and sell inverse funds without jumping through a variety of hoops to get permission. However, it would be good to have rules on the prospectus documents explaining in very clear language what the unusual risks are from using the funds. The special coverage of risks could be put right at the beginning of the prospectus and highlighted as especially important to read and understand.
It should be my right to invest in what I wan to invest in. The fact some people dont know and will never know how to trade these securities is not your problem or mine.
Please stay out of my choices as to what securities I purchase. You should restrict your activities to insuring that the information which I receive is complete and accurate and not decide what I should or should not purchase. I have NO confidence in the judgement of a government bureaucrat who does not know what the real world is.
I would appreciate FINRA supporting people like me who wish to trade ETFs and leveraged ETFs especially in IRA accounts where we can control the gains and losses in our accounts. In my case I have over 50 years experience in the markets and would prefer making my own decisions without interference from outside sources. Shorts arent allowed in some accounts and the only way to protect holdings in a down market is to own a few ETFs in things like SQQQ and SPY. Thanks for all you do for the financial industry.
I oppose restrictions in my right to invest in public investments
Leveraged and inverse funds have been vital to protecting my family's assets during this downturn. The problem is not a lack of regulation. The problem is the government not cracking down on true fraud and constantly bailing out entities that make poor choices.
I am a retail trader who has invested in and traded these "complex" and "confusing" instruments for years and have made great money. They are not confusing or complex at all. Stop insulting us and do not impose any further restrictions.
It's time for the federal government and all federal regulators take a look at our Constitution. You govern at the consent of the governed. Does that mean anything to you? Stop taking away our liberties. You have no right to diminish our rights. As an investor of over 45 years, I fully understand all risks associated with my investments. I don't need you to protect me. I need you to protect my freedoms and liberties by honoring the US Constitution. Govern by the CONSENT of the governed!!!!!!
I oppose any restrictions on my right and ability to invest my hard earned money..just the same as you would never want or allow anyone telling or limiting your right, choice and ability to invest your money.