Erich Gschwandtner Comment On Regulatory Notice 22-08
I strongly oppose and indeed resent any regulation or other attempts to restrict my ability to invest in so called complex products.
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I strongly oppose and indeed resent any regulation or other attempts to restrict my ability to invest in so called complex products.
Regarding FINRA's attempt to make it more difficult to invest in leveraged and inverse funds and strategies. I object to your attempt to limit my rights to invest in the investments I choose. I should be able to choose the public investments that are right for me. It is not FINRA's right to do so.
I do not believe that I should need to pass a test that FINRA designs to prove my right to invest in what I choose.
Piease do not consider removing Inverse and Leveraged Funds from the public. Everyone does not need your protection. I would like to make my chose of risk level and appropriateness.
I strongly oppose restrictions on my right to invest in public investments because I believe that I - not regulators - should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I believe that I shouldn't have to go through any special process like passing a test before I can invest in public securities. I fully understand leveraged and inverse funds and their risks. I dont need these measures imposed on me.
Please give me the freedom to be a capitalist like the ultrarich. I don't need the government's help to keep me from making money.
I not regulators should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
I shouldn't have to go through any special process
like passing a test before you can invest in public securities
like leveraged and inverse funds. Explain that you are
capable of understanding leveraged and inverse funds
and their risks. Tell regulators you do not
need these measures imposed on you.
Individuals should be able to decide how they invest their money. leveraged ETFs are not nearly as bad as investing in "meme stocks" or options trading. Regulating buying ETFs at the start of a bear market is irresponsible and likely something to make people sell their ETFs at a loss.
I am the only one who should ultimately decide where to invest my hard earned money!
The USA Free markets should not be limited in any ticker what so ever. The total purpose of the market is that it is free to be traded by any person that follows ALL the laws. This includes ETFs or any commodity. Regulating tickers would be unfair for the regular investors and giving more power to the Banks and market maker.
These are the situations that create more imbalance to the market.
Please do not take away the ability to use leveraged funds as this is a great vehicle to be a bit more aggressive without having to buy individual stocks. I should be able to assess and trade on the risk tolerance I have for myself and my family.