Marion Woodbury Comment On Regulatory Notice 22-08
I have a right to invest in anything I choose, you do not. It is ridiculous that you would be able to take that right from me. This is just another way to control the my rights in a free country
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I have a right to invest in anything I choose, you do not. It is ridiculous that you would be able to take that right from me. This is just another way to control the my rights in a free country
I believe investor should be able to make intelligent decisions about their investments.
It is these unfair practices that hamper investors to take advantage of the current market. This is not protection but a means to limit a persons ability to invest freely. We all know the risks associated with leveraged products and non leveraged products. This is just another way to prohibit individuals from getting the maximum out of their investments. We all know the downside when using leveraged products. This rule or law just limits what an investor can obtain. This is just a means to limit gains for the persons who are not mega wealthy. It discriminatory at minimum.
I oppose the proposed changes by FINRA to: LEVERAGED AND INVERSE FUNDS.
Let the less than wealthy participate in growing their money. The rich getting richer gets old.
I have used inverse and leveraged funds for many years. If I want to invest that way it is my risk or opportunity. I am not the least interested in having someone else decide for me what to do with my money. I accept responsibility for my own actions. Government is destroying the dollar and thinks it is a good investment advisor ? I think not!!!!!!!
Leveraged and inverse funds are NOT too arcane and complex for the typical investor. They provide an important counterbalance to market volatility generated by ultrafast automated algorithms programs which DO impinge on the typical investor. I urge you to NOT limit the access of the typical investors to these funds.
please do not pass this law . It is our right to make our own decisions .
The Nanny State should stay out of telling investors how to invest. Look how brilliant it has been in controlling inflation, actually by bringing it on. (And soon to bring on recession by it's policies.) No test, no restrictions!
The risks of trading leveraged and inverse ETFs are well known. Retail traders who can trade options or futures should be able to trade such ETFs without restriction. Its less expensive and easier to do than trading options and futures and dealing with margin etc.