Richard Fain Comment On Regulatory Notice 22-08
Me not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
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Me not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
I believe it is our right as investors in a free and fair market to invest our hard earned money into leveraged ETFs and inverse leveraged ETFs without regulation. It is our duty to make sure we are aware of the risks and regulations of these products and many brokerages offer a warning before trading or investing in these products. The regulation or complete banning of these products puts us at a disadvantage to properly hedge our positions or be within our own personal risk tolerances.
If this is allowed to pass, you are only increasing the wealth gap. You are inherently saying that anyone who has less than x amount is nothing more than a peasant. Remember we done away with the Feudal System hundreds of years ago. All of those investments that you want to block access to, can be traded by everyone with the guidance of a Broker and you know it. You're only concern is to keep anyone not deemed worthy out of them. So kindly [REDACTED]
I understand the risks and the benefits of leveraged ETF. I still can trade options. For years I prefer to trade these leverage ETF. I hope you dont change the rules.
Thanks,
Pallop.
This is [REDACTED] and gatekeeping to an extreme. So the rich can get richer and the rest of us can just [REDACTED]?? This should NOT even be a considered. It is a complete violation of the rights of every single person who chooses to invest their money no matter what their income level is. I demand that you vote no to this [REDACTED].
You live off are backs and want to stop us from even trying to climb the ladder!?!
I am AGAINST passage of FINRA’s Regulatory Notice 22-08 taking effect.
I use leveraged indexed ETF's actively trading them over short time horizons under steady participation in a long time horizon (25+ years) to smooth out inconsequential market fluctuations, even as much as 50%+, as part of my overall portfolio strategy. The financial services providers servicing these funds have been scrupulously, assiduously open and forthright about the risks intrinsic to their offerings, and I am well-informed of those risks.
I DO NOT WANT ACCESS TO COMPLEX PRODUCTS RESTRICTED.
It is absolutely ridiculous that this country is going backwards! These companies are supported by ALL of us, not just the few. So why would you try and deny us the same opportunity to invest in the same companies we help make the profits you want to keep from us?
Not cool. Self taught myself everything and became high net worth. These new regulations are junk
The proposed regulations are tyrannical, classist, and anti free market. I as a citizen do not support it as I find it to not to be in line with the spirit of the constitution or a free nation.