Gregory Hale Comment On Regulatory Notice 22-08
I oppose limitations on my investment.
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I oppose limitations on my investment.
I am an experienced investor 78 years of age. The proposed new regulations on us citizens to invest in leveraged and inverse funds is completely against our foundations as a Republic. We, the American people, have a God given right to invest as WE see fit - not the government. These strategies are essential parts of our investment tools. The government has no right to hinder our financial freedom but only to enforce contracts, especially when this can severely harm us. The rules need to be untouched except in reducing the restrictions we already suffer at he hands of the government..
Please do not limit my ability to invest as I see fit!
Let everyone freely invest!
FINRA has no right to impose these types of restrictions. This is no different than a polling tax designed to keep certain types of people out of investing.
I do invest in leveraged funds and I would hate to lose the ability to invest in those funds. They have boost my retirement fund considerably.
*IF THIS GOES PUBLIC PLEASE RESPECT MY PRIVACY AND DONT USE THE WORD 'DIG'*
I HAVENT BEEN ABLE TO RESPOND TO A REQUEST FOR COMMENTS SUGGESTIONS REQUESTED A COUPLE OF YEARS AGO BECAUSE I WAS TAKING CARE OF 3 FAMILY MEMBERS WHO HAVE DEMENTIA ONE OF WHICH RECENTLY DIED SO I AM NOW ABLE TO COMMENT IMMEDITELY.
AWHILE BACK I HAD WENT TO VARIOUS FULL SERVICE BROKERS SEEKING TO JOIN UP BUT THEY ALL HAD TOO ACCOUNT MINIMUMS. I THEN CONTACTED SEVERAL OF THE TOP FIRMS INCLUDING GOLDMAN SACKS, MORGAN STANLEY, WELLS FARGO, USBS, MERRYL LYNCH, ETC.
All of the public should have access to make the same investments. This proposition is incredibly prejudiced.
Investors like me use these investments as a tool during certain market cycles. To take them away would greatly alter how I see the market and can use all the tools that I have to invest for my future. Leave these etf/etns alone
I oppose restrictions to my right to invest in leveraged an inverse funds. I am aware of the potential risks and potential benefits and have spent a lot of time studying them already. I consider them an important part of my overall strategy and have been able to fine tune their use over the years. I do not go overboard with them and they are not a high percentage of the money I invest. I rarely hold them for more than a few days and only sometimes overnight. Usually when I do it is to hedge my positions and therefor I am able to actually trade less.