Richard Wendling Comment On Regulatory Notice 22-08
I am opposed to your new regulations.
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I am opposed to your new regulations.
It is my money and only I should have the right to choose which investments I pursue. I am fully aware of the investment risks. That's why prospectuses are available. Additionally, these type of inverse and leveraged funds are excellent tools to hedge portfolios which all funds may not be held at one firm.
Stay out of my financial affairs. Having over thirty years of investment experience taught me a few things about over-regulation and too little about investor education. Focus on the latter than the former.
I dont feel there is a need for this type of regulation.
None of the proposed regulations are needed and they
hurt ordinary investors.
Please do not limit personal investment in ETFs, this is a challenge and increased difficulty for the public to participate in the market
I oppose limitations to my ability to invest!
I oppose changing the current regulations regarding investment in leveraged funds.
Public investment should remain open to the public.
I am capable of making and accepting my investment choices without the need of special tests or permissions instituted by your agency.
Leverage funds play a key role in my portfolio and I am the one who makes these decisions. I dont desire or want changes made that would potentially cripple my plans.
Comments: I am a self directed trader like millions of others. I fully understand the risks and conditions under which I trade. The L &I trade is a vital part of my investment strategy. It would be wrong to limit access to traders like me.
Comments: Those of us who are not long term investors and prefer to take risks. obviously understanding the risks, should not be negatively effected by those whose lose their money and want to blame someone else. The government tries to control everything we do because of a few. Please stop the nonsense.
- My broker already has established adequate risk assessment, risk level determination, and trade warnings / education that allow me to trade options, inverse and leveraged etfs/funds/etns, etc. - I – not regulators – should be able to choose the public investments that are right for me. - Public investments should be available to all of the public, not just the privileged.
What you should be more concerned about are meme stocks. Direxion and Proshares are good defined risk products.