Michelle Hummel Comment On Regulatory Notice 22-08
Implementation of these laws will exclude many and doesn't provide equal opportunities. This is not helpful in creating an environment to learn or grow .
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Implementation of these laws will exclude many and doesn't provide equal opportunities. This is not helpful in creating an environment to learn or grow .
Any proposal to limit an investors ability to purchase inverse funds would not be well received and obviously ill-timed given market conditions. Every investment contains risk and a regulatory authority should not posses the authority to restrict an investors ability to use products such as these that can actually mitigate risk in one's overall portfolio. If such rules are implemented, where does regulation stop? Will you restrict purchases of stocks with no earnings, junk bond funds, short sales, options?
Keep America a Free market,
We as Investors/ Entrepreneurs Dont Need to be Micro Managed by Minority of individuals seeking
To Monopolize the Whole economy..
All the rules are doing is hurting the small guy. Quit hurting the small guy. Enable us. Unleash cryptocurrency. Morgan Ray. [REDACTED]
I believe in a government where the individual is allowed to make decisions for themselves, and this includes investment decisions. Leveraged funds are not a large part of my portfolio, however, I do use them as part of my investment strategy when I deem such an investment to be necessary. It is not fair to allow only wealthy entities to engage in this investment strategy.
I choose investments based on my own research and situation. With a BS in Engineering and a MS in Science and Technology Management, I believe I am perfectly capable of making my own investment decisions without FINRA's help or interference. Arbitrary restrictions by FINRA is offensive to me - it's like you are trying to only let "well off - rich investors" buy certain stocks, puts, calls or indexes. If "safe" investing is so safe, why do the value of many of the "safe" investment strategies still fall when the market drops?
As long as people understand the risk then let people decide what to invest in. Government should not be interfering what the little guy can invest in.
I have only one thing to say to FINRA....the ONLY thing I need protection from is YOU. Stay out of my life, my wallet, my house and my neighborhood. I don't need protect6ion from myself. I can read. I know that leveraged ETF's are daily trading vehicles. I know because I am literate and I trade them ALL THE TIME. If I lose money it's MY FAULT not Proshares. Stay as far away as possible.
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Free Markets aren't Fair nor are they Free. They are profitable however. Mises Institute.