Thomas Barley Comment On Regulatory Notice 22-08
I oppose restrictions to my right to invest in reverse and leveraged funds. Please do not substitute your judgement for mine.
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I oppose restrictions to my right to invest in reverse and leveraged funds. Please do not substitute your judgement for mine.
I should be able to choose the public investment that is right for me and my family. Public investment should not just for privileged few. FINRA interest shows private few to get benefit out of PUBLIC fund. I object the restrictions or any measure introduce by FINRA on publicly traded fund.
It is important that small investors be permitted to use all investment tools, including leveraged and inverse funds. Those tools are the only way small investors can ever hope to compete with the large investors who are allowed to use those tools. Also, the size of one's investments is not an indication of lack of ability. Many small investors have more academic degrees and training than the regulators. Testing small investors will be a waste of time for the investors, the investment industry, the testers, and whoever is going to monitor the testing.
I shouldn't have to go through any special process like passing a test before I can invest in any public securities, like leveraged and inverse funds. I am quite capable of understanding leveraged and inverse funds and their risks and am actually insulted that you think you know what is right for me. I do not need these measures imposed on me or any other investor.
Sirs: I personally use inverse leveraged funds as a small part of my overall investment strategy. This protection is not available through other investment vehicles and request your leaving them as is.
I am an adult. I, not regulators, can decide what investments are right for me. No tests or proof of a "high net worth" are necessary to determine the appropriateness of where and how I invest my money. Why should only the wealthy have the freedom to invest their funds as desired? My success in investing in leveraged and inverse funds is important to my overall financial strategy, and the last thing I need is more hoops to jump through in order to secure my financial gains. Please focus your attention instead on regulation of larger entities such as hedge funds.
STOP THE MADNESS! It's hard to believe that another agency is again wanting to control/restrict me, telling me how and what to trade. I am 66 years old, have been trading stocks since 1998 (24 years now). I am the only one that should be deciding on the risk of whatever stock or ETF that I (not FINRA) am going to invest in. I am abundantly capable of making these decisions on my own, and furthermore should NOT be subject to taking exams to prove my knowledge in the industry. Especially on the inverse and leveraged funds that are available.
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. I am fully capable of understanding leveraged and inverse funds and their risks. I would like to tell regulators that I do not need these measures imposed on you. My leveraged and inverse funds are important to my investment strategies and help protect my investments while enhancing my returns.
I am an active trader and enjoy trading these ETFs. It is my pastime and I would hate to lose it. I don't do it to make large sums of money.
Please, please, please continue to grant us full flexibility in the number and type of funds available for investment. The current situation aids in liquidity and is much less disruptive than a more restricted situation.