Marlene King Comment On Regulatory Notice 22-08
This is an agregious abuse of power and cannot be made possible!
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This is an agregious abuse of power and cannot be made possible!
As in independent investor, we need simple unimpeded access to a variety of investments, including options, futures, leveraged funds, inverse funds, etc. Please do not restrict our access to them.
Email: [email protected] Subject: Regulatory Notice 22-08 05/08/2022 Please allow leveraged and inverse funds to continue. Public investments should be available to all of the public and should not be restricted to only certain groups or individuals. I have a hard time understanding why restrictions are being considered for leveraged and inverse ETFs such as index funds while high risk stocks including biotech companies with no earnings and lose money are still able to be purchased by the public with no knowledge of their risks.
Leave things alone . Does not need to be changed.
Individual investors have the right to freely decide for themselves what securities they want to invest in and what their risk tolerance is to achieve their long term financial goals, without arbitrary restrictions by FINRA. ANY LEGISLATION TO IMPOSE LIMITATIONS OR RESTRICTIONS ON INDIVIDUAL INVESTORS RIGHTS TO FREELY CHOOSE THEIR INVESTMENTS WILL BE MEET WITH FEIRCE OPPOSITION
Individual investors should not be forced to jump through hoops or banned from certain financial instruments outright. I am an adult in a free country and should be allowed to invest my money as I see fit.
I want the ability to choose the public investments that are right for me and my family. I do not want to be limited or restricted from buying leveraged and inverse funds. I am a well informed investor, and it is not right to restrict my investment options and allow others to have full access.
I am more than capable of choosing the publicly traded investment that are appropriate for me.
There is an abundance of easily available information on markets and the economy via the internet so that any reasonable adult can make adequate decisions on publicly traded investment funds, including leveraged ETF's.
All investors should have the opportunity it go long or short, based on their views of companies and/or the economy. These proposals feel more like an effort to limit short selling, which of course some folks have high financial motivation to want. If you want to protect retail investors, start focusing on the large banks on wall street who manipulate retail investors all the time through other means. This, in my opinion and from what I observe is the bigger problem.
I use leveraged funds, specifically TQQQ, as part of my balanced investment strategy. I understand it’s high risk and highly volatile investment. I use this fund along with a group of investors with the Kelley Letter, founded by Jason Kelly. I am in favor of people signing disclosures stating they understand the risk, volatility and how leveraged works. I’m not in favor of people needing to provide a net worth to qualify to use these funds.
Thank you taking the time to read my opinion on this matter.
Jake Christensen