Hui Song Comment On Regulatory Notice 22-08
I am oppose limitations on your ability to buy the Funds
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I am oppose limitations on your ability to buy the Funds
I oppose this measure. Just because I'm not high net worth doesn't give you the right to take away my ability to reach that status. I use various products to hedge and improve returns. I know my risks. I'm not a child, and you are not my mother. Your only job is to prevent outright fraud as in lying and make sure people understand the risks. It is okay to have people have to sign and online disclosure of understanding. Beyond that, it is the right of individuals to choose their own path.
I not regulators should be able to pick the investments that are right for me and my investment strategies. This is another regulatory overreach that serves the institutions and not the public, it should never be accepted. I do not need to be patronized by FINRA or any government institution on how I invest. It is those same dumb and shortsighted limitations that are driving social security into insolvency, proof that these rules and institutions [REDACTED] do not know what is best for the public, it is likely only self serving or a result of lobbying by self serving entities.
I do not need these measures imposed on me.
I oppose restrictions to my right to invest. Public investments should be available to all the public-not just the wealthy. I believe that investors of this area are able to understand leveraged and inverse funds and their risks without taking a test.
It is important to have inverse investments as they can be used in the market place to mitigate downside in long positions, thus making it possible for me to avoid trading my long positions. A regulator has no ability to perceive my need to take such mitigating positions, and it is offensive to be told that such an ability. Simply stated, public investments should be available to ALL members of the public. To segregate the public simply makes the rich richer and the poor poorer. Of course, such is not beneficial to society in general.
This is ridiculous. I thought we're supposed to have a free market. Preventing people from trading to "protect" them is moronic.
If the government can intentionally make bad policies decisions that negatively affect the economy and our hard earned retirement, we should be able to counter the terrible policies with investments that protect us from financial destruction. Thank you
It should be individual choice where I want to invest my money and take the risk/reward. SEC should stay out of it unless there is fraud involved.
This is a violation of the free market principals. Risk assessment and tolerance is an INDIVIDUAL human characteristic, and therefore this approach will not work. Furthermore, I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds.