Pamela Allen Comment On Regulatory Notice 22-08
I urge you to reject limitations on who can invest in any securities. We are not a nanny state.
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I urge you to reject limitations on who can invest in any securities. We are not a nanny state.
It's all about taxing Investors at variable rates and Interest earnings! DD.
Way too much over regulation resulting in unfair trading that only favors groups that are get the government agencies to support their agenda............
I've lost a hundred thousand thru ProShares, before they noted their trades were for day trading. I was not aware how rapidly the accounts could drop in value, even when the markets moved in a direction that should have increased their values.
You didn't make crypto it should stay free. You always want to control and profit off of something that's not yours. Satoshi Nakamato made it to be free and it shall stay free.
These products have helped me pull in my retirement horizon by MORE THAN A DECADE! In fact, I have further built an entire business based on utilizing LEFT's and Inverse Funds, with the intention of this being a MAIN income stream at some point. I would be financially devastated if there were restrictions imposed - such as a proposed "cooling off" period.
I think free investment is very important, so I oppose restrictions on the right to invest in public investments.
Please do not have limitations to trade pro shares
A license to sell leveraged ETFs, and specifically inverse ETF's, is a license to steal. Period. It should be a requirement that any designed financial instrument show in the prospectus how an investor may actually make money not just the risks of loosing it. Take TVIX, a long term chart shows in 2011 the price was 2,235,849,984, today its value is $112 dollars. A loosing investment start to finish, if you bought. They say it's a short term vehicle. But to be one there has to be some predictable relationship to something, anything, that could indicate an opportunity to buy.
The ability to freely invest should be held as the highest priority of any regulation. I oppose limitations on the ability to buy "complex products".