Anthony Takacs Comment On Regulatory Notice 22-08
Stop over regulating everything. LET EVERYONE INVEST
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Stop over regulating everything. LET EVERYONE INVEST
I use leveraged and inverse ETFs which are useful for me within my overall portfolio. I use these but don't have a lot of exposure to these products so they don't create extra risk, while they do create great return. Please DO NOT REMOVE the ability for individual investors or traders to use these products!
This is ridiculous. You let banks come up with ways to increase their monopolies and punish the retail investor? Why, because you can't punish the banks? This is the most anti-capitalist thing I've ever seen in America and it's happening under Biden, not Trump. There is no defense of this greater than the blame shared by unchecked big banks and hedge funds. Truly one of the most misguided attempts at fixing our financial system yet. Why don't you go after Elon Musk's multiple SEC violations that misled investors first?
You dont have the right to require people a special knowledge on how to invest their money. Public investments are just that public and every American has the right to invest in them in an attempt to create a better life for themselves and their family. Its completely unfair and unjust to limit average people the ability to invest to improve their own future.
The leveraged ETF products are asafe and valuable way for me to catch up on my retirement funding.
Restrictions would stifle my efforts.
Its absolutely mind boggling that you would think this is okay. You arent even trying to hide the fact youre rigging the system for Wall Street and the wealthy.
Comments: do not screw this up. leave it alone. provide the products and the information of what is in the products.
https://www.linkedin.com/in/john-rhodes-14282b1a9/recent-activity/shares/ https://www.linkedin.com/posts/john-rhodes-14282b1a9_finra-requests-information-from-member-firms-activity-6928406241413087233-BSsr?utm_source=linkedin_share&utm_medium=member_desktop_web Let me get this straight, the Securities and Exchange Commission (#SEC) was created to protect investors and maintain fair markets long before invention / approval of "complex financial products" such as hedge and inverse instruments.
Part of a FREE market is that everyone can invest in what they choose to at their own risk. Taking that away from average people means funneling more money to the top 1%. It is a disgusting elitist policy that is corrupt to its core.
Financial security should be available to all.