Bailey Douglass Comment On Regulatory Notice 22-08
Please do not regulate my ability to participate in the market by purchasing inverse funds.
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Please do not regulate my ability to participate in the market by purchasing inverse funds.
I have been trading leveraged ETF's for years as part of my investment strategy in my savings and retirement accounts. I don't think we should have to pass a test ton continue to do this or any government agency should limit our right to do this.
On your website it states, "FINRA is authorized by Congress to protect Americas investors by making sure the broker-dealer industry operates fairly and honestly." This means that you are representing American investors. As an American investor, I do not support the increased regulation of leveraged and inverse funds which includes SEC Proposed Rule #S7-24-15. American investors should be free and easily able to decide what they can and cannot invest in without undue hindrances.
I am writing to strongly oppose any restrictions on the public's right to invest in inverse or leveraged funds.
I oppose restrictions to my right to invest. Leveraged and inverse funds are important to me investment strategies.
It is my opinion these instruments are useful, safe an04d should remain as they are. A certain amount of education is required to use them, but that is up to the investor to seek.
Me - not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. Explain that I am capable of understanding leveraged and inverse funds and their risks.
I oppose restrictions on your right to invest in public investments
The government needs to keep its hands off our liberties and freedoms. I will contact my congressman to limit the power of SEC over reach. Leveraged ETFs are a vital to my family's investment strategy. We do not need the SEC to protect us from ourselves.