William McNeill Comment On Regulatory Notice 22-08
Why would it be necessary to restrict average investors or traders from buying these funds? We are the ones putting OUR money at risk. Don't try to save me from myself.
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Why would it be necessary to restrict average investors or traders from buying these funds? We are the ones putting OUR money at risk. Don't try to save me from myself.
This attempt at preventing investors from making investments of their choosing is un-American and appears to be another way to further stack the deck against individual investors. As if the un-punished crime publically commited by Robinhood with them protecting hedge funds and stopping profits by a large group of small investors wasnt bad enough, this further rigs the game to ensure more small investors lose in down markets. The timing is also precarious as the current "super bubble" is expected to burst. We dont need more ways to rig the system for the big guys.
So, another attempt at keeping the common man down eh? Listen. Don't limit us. If you believe in the success of what investing can do, and you wouldn't have wanted someone to limit your rise to success, whatever form that may be, then don't do it to us. Don't be greedy or selfish or inconsiderate. Give everyone a fair chance.
The problem I have with such a proposal is that it negates the biggest threat to any individual investors, which is unchecked major hedge funds using their money with little to no thought of safe financial practices.
I oppose ANY government restrictions to my rights to invest my money as I see fit. The government should NOT restrict my access to investing in inverse funds nor should they prequalify me to do so. Proshares takes care of all investor qualifying and notifications necessary to protect both my and the public's interests.
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.
Good morning, It is my understanding that there are proposed restrictions on individuals using leveraged and inverse ETFs investment instruments. My use of ETFs offer me diversity, liquidity and income. The ETFs invest in a large number of stock which spread risk. The active ones also trade millions of shares per day which offer the ability to sell shares quickly and because of their volume the spread between bid and ask is very narrow.
I do not need the Federal government to protect me from my own financial decisions, nor should the Federal government impose restrictions on anyone else's investment decisions. Stop assuming all Americans are stupid and in need of protection from themselves.
The decision on whether or not an inverse or leveraged product be available to an investor ought to rest solely with the investor. Any investor who would be willing to use such products is well aware of the risks and can make their own financial decisions. These are complicated products that the retail trader would not use. To be able to properly invest in financial markets requires extensive analysis and understanding of market cycles as well as understanding of central bank credit expansion and contraction.