Gary Wells Comment On Regulatory Notice 22-08
I say leave leave what we have alone.Enough is Enough
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I say leave leave what we have alone.Enough is Enough
I just want to have options when I need it and have funs when I am trading a X3 fund. Please do not take this away from me.
As a United States citizen with sound mind to make my own decisions on public investments that are right for me, I oppose the Financial Industry Regulatory Authority putting restrictions on what public investments I should be able to invest in. Public investments should be available to all of us and not just the privileged. I should not have to go through any special restrictions or approvals to be able to invest my money in public investments such as leveraged or inverse funds. I am capable and intelligent to understand leveraged and inverse funds and their risks.
Please note that as an individual investor I oppose any limitations on my ability to buy or otherwise freely trade the Funds. There is enough disclosure already in the prospectus and brokerage firms such that investors are warned about the potential risks (and rewards) associated with the Funds.
I should be able to choose the public investments that are right for me and my family. We dont want regulators involved.
Public investments should be available to all of the public, not just the privileged!
Acting as the middle man just steals wealth from hard working Americans.
We arent children that we have to pass a test to invest in public securities, including crypto, and we are completely capable of understanding the risks of investing.
Regulators imposing these type of measures smacks of over-reach and greed.
Dear Sirs:
I do not think adding additional requirements to the use of leveraged/inverse investments should be used. We have enough regulations now. If an individual wants to use these they already have to agree to various forms required by the brokerage they use.
I don't need to go through any more tests, classes or regulation in my investment decisions.
Let me decide on what I want to invest in and don't prevent me from using the same techniques wealth individuals use. The rules are already slanted against the individual investor.
As usual are government believes they can control us and force us to do what they want and not work for the people but for a small group they take their order from.
Every American over the age of 18 should have the right to make their own investment choices. Is the next target all casinos? To even suggest this can greatly devalue current investor (like myself) portfolios.
These types of products are a core piece of my investment strategies and this regulation could break them. Depending on the repercussions and timing of this regulation it could damage my portfolio. Regulating these products is unfair to small investors and further rigs the market in favor of large funds.
it's Time for Ordinary people to have the right to be able to envest in something that helps them in life