Simon Yuen Comment On Regulatory Notice 22-08
Dear Representative
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Dear Representative
I would like to weigh-in on the regulations being considered by the Financial Industry Regulatory Authority (FINRA), to limit the availability of individual investors investing in leveraged and inverse funds, and other like investments without strict testing and special approvals by their broker.
I believe I should have (and retain) the right to make my own investment decisions, including the freedom to invest in cryptocurrency funds such as BITO and others.
Investing in anything, including ANY security or index, has inherent risks. Using intelligent analysis, certain risks can offer excellent rewards - again, with ANY security.
This law would restrict access and block more people from even having a hope to gain wealth themselves. Its evil and shouldnt be allowed to go through.
Dear Regulators,
Please do not limit access to these funds to high-income purchasers. These funds provided much needed funding for education, retirement, and rainy day funds I rely on regardless of income level.
Thank you,
I oppose limitations on my investment.
I am an experienced investor 78 years of age. The proposed new regulations on us citizens to invest in leveraged and inverse funds is completely against our foundations as a Republic. We, the American people, have a God given right to invest as WE see fit - not the government. These strategies are essential parts of our investment tools. The government has no right to hinder our financial freedom but only to enforce contracts, especially when this can severely harm us. The rules need to be untouched except in reducing the restrictions we already suffer at he hands of the government..
Please do not limit my ability to invest as I see fit!
Let everyone freely invest!
FINRA has no right to impose these types of restrictions. This is no different than a polling tax designed to keep certain types of people out of investing.