Charles Turbeville Comment On Regulatory Notice 22-08
Stop the oversite on every facet of individuals. We are very capable of making our own decisions. Enforcing a class or any other costly and/or time consuming situation is not necessary.
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Stop the oversite on every facet of individuals. We are very capable of making our own decisions. Enforcing a class or any other costly and/or time consuming situation is not necessary.
After investing for a little over 10 years, my most successful years are when I started investing in leveraged ETFs. Eliminating the leveraged ETFs from the choices of investment vehicles is the wrong decision. Yes, leveraged ETFs are volatile, but so are individual securities, mutual funds, and options. I understand the volatility when I invest in them and assume the risk myself. Investing in individual stocks can be a risky investment as well.
Hands off and stop this incessant greed, corruption, and oppression. There is a reason we choose to be autonomous.
I am a 24 year old investing for the long term and have faith in our economy moving forward, if you can short stocks, why cant you double down on pro shares. Please let us invest!
Not cool bro, not cool. The public is always your best interest.
You would be infringing upon the rights of so many people by making it harder for the general public to invest in ways that would set them and their families up for future security and success. The working/middle class deserve the same transparency and choices as any privileged high earners.
I have been investing since 1998. The first time I placed a trade it cost $75 to place the trade over a phone. I don't wish to go back to those days. Nor do I want regulators telling me what I can and can't invest in or require me to pass a test to demonstrate my knowledge. I have invested in both leveraged and inverse funds. Inverse funds are especially useful for hedging. Inverse funds are much less risky then hedging through options which have an expiration date. The safest way to hedge is through inverse funds.
Why would you try to keep people poor shame on whomever is wanting to do this give the poor a chance to live the life they wish to not a life the government says they should.
Regulations preventing individuals not considered high net worth is classist, and potentially racist considering the socio economic demographics of high net worth folks. This has the potential of being illegal for its discriminatory language similar to historic red lining policies. I would also think, having more people invest would be of interest in a capitalist system, as it also has the potential to provide more jobs for those interested in accessing it.
I am against additional regulation to restrict my access to public investments. Leveraged and inverse funds allow for an important option for me to invest. I review and analyze the risks/reward ratio prior to investment. I follow the funds with "paper trading" prior to making actual trades.