Tim Bogdanov Comment On Regulatory Notice 22-08
I strongly oppose any restrictions to my right to invest in any funds that I want to invest in based on my own decisions.
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I strongly oppose any restrictions to my right to invest in any funds that I want to invest in based on my own decisions.
The checks and balances are already in place. The prospectus' already make clear what the risk of leveraged investment or inverse investment tools are. The clearing brokers also ask the right questions before trading in these tools is allowed. The losses suffered by small investors who do not understand the risks they take are a just prize for ignorance. Nothing trains the investor to sharpen their skills like learning from poor and uninformed investment decisions. This ultimately makes the markets stronger and better in the long run.
This is a ridiculous infringement on my right to protect myself and my investments. A well-balanced portfolio often includes hedges. Do you have hedges in your own portfolios? Of course you do. Please do not take away my right to do the same. I am a retiree, a taxpayer and investor, having worked my entire life. 1st the Fed props up the banks keeping interest rates near zero. We seniors got hammered and were forced to invest to protect our wealth. Now you want to eliminate hedges....another ploy to prop up banks and big money. Shame on you. I'm beyond disgusted.
Once again the government wants to protect us from ourselves. That should not be the role of government to treat us like we cannot make decisions for ourselves.
We should have the freedom to make our own choices and accept the consequences of our actions.
I strenuously oppose restrictions on my right to invest!
Dear SEC, Rule #S7-24-15: I personally should be able to choose the public investments which I deem appropriate for me and my family. NOT you! Just because some may be privileged doesn't mean only they should have access. I do not need to pass some special test or have money as the privileged do to have access to a public investment. Leverage and inverse funds play an important part of a portfolio to protect the average investor. Do NOT make it harder/impossible for someone not really privileged but still able to participate in public investment. Common sense applies in this consideration.
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