Victor Sedaka Comment On Regulatory Notice 22-08
I should be able to invest like any other investor.
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I should be able to invest like any other investor.
SEC proposed rule s7-7-24-15 would create an environment would remove the abilities to protect long term investments through a short term volatile environment. The rule would ultimately create additional volatility in the equities markets by eliminating the open access to inverse funds to the open market. I strongly recommend against adopting this rule.
It is not fair to impose restriction on leveraged and inverse ETFs for most citizens. Under the new rule, people need to demonstrate a high net worth in order to invest. This is definitely discriminating as it treats investors differently based on social status. It favors high net worth individual.
Leave it as it is. Nothing is wrong.
This proposed regulation seems GROSSLY UNNECESSARY. Individual investors should have access to a wide variety of investment options. They can assess the level of risk they are willing to take on any particular investment. What data do you have that shows any significant number of investors that have been harmed by simple access to these products? Fraud must be prosecuted when it is found to exist from investment sponsors, but denial of access to investment options is a terrible limitation.
I oppose limitations on my investments. This is freedom country. I freely invest at my own risk.
We don't want you taking away our investment options.
Stop taking away our freedoms. Citizens should have a right to choose what they invest in. Entrepreneurship and small investment is the backbone of our country. Government regulation kills free markets and hurts average Americans.
I understand the concerns SEC has (https://www.sec.gov/investor/pubs/leveragedetfs-alert.htm), but I am not confused by these issues and I don't want restrictions preventing me from using these financial instruments.
I disagree with proposed rule. Leverage is a good thing. The issue is with over leverage. Everyone with proper literature and clear english text should be allowed to buy and sell security of their choice. Define which educated or a person who has passed a test shown skills in trading.