Mark Knowles Comment On Regulatory Notice 22-08
I strongly oppose the proposed regulations. My investing is my choice, and I don't need anybody holding my hand.
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I strongly oppose the proposed regulations. My investing is my choice, and I don't need anybody holding my hand.
You need to allow investors to invest in these funds, stop your unfair practices against common investors
FINRA Regulators, as a self employed professional engineer who also sits on the Snyder County Planning Commission for the last 10 years, issues of regulatory affairs are common to me. And as a person who manages 2/3 of my retirement portfolio, having inverse tools to help protect against market downturns is vital to me. This is the second time within 10 years that an appeal has been made to keep inverse and leveraged funds. Given that I am now 70 years old, it is even more vital that these inverse ETF tools remain in effect to protect my savings of a lifetime. Respectfully Submitted,
Please do not take away my ability to trade these ETFs.
Many leveraged instruments, such as TQQQ and SQQQ are commonly used by even young investors. Even my teenagers know about them and sometimes use them. They are a very common and useful part of the investing landscape, and limiting their access would do more harm than good.
I oppose the SEC Proposed Rule #S7-24-15 for the following reasons 1. It is a form of Central Control for the "government" to impose its judgement on investors about investment vehicles that play a key role in risk mitigation for portfolio managers. 2. It is way to impose additional costs on investors and barriers to market efficiency. When markets are made less efficient people will find new places to invest that are efficient, open and honest. 3. It is clearly an attempt to prop up the market in the short run for political benefit for the Democrats in control. 4.
Please do not implement the draconian rules on leveraged investments....
I, and only I should be able to choose which investments are right for me. I should not have to go through any special process to invest in leveraged or inverse ETF's. There is no more risk to these investments than multitudes of individual stocks, which I have witnessed in real time over many years. I have built my entire investing strategy and process around these funds. Please do not infringe on the public right to invest freely in the free markets.
This new purposed Rule is very concerning and cause's more harm than good, It is not the job of Regulator's to decide what individuals can purchase.The autonomy of what an individual buys with their own money, that should be in there hands, only their Hands. allowing individual investors to utilize these tool, provides access to more affordable professional strategy's! THIS IS OVER REACH!! FINRA should stick to regulating actions of Entity's and Advisors. Not individuals ability to take on investment risk at there own free will..
The do not restrict my right to invest in inverse or leveraged funds.