Sheridan Smith Comment On Regulatory Notice 22-08
This is totally absurd and is a method of increasing the wealth divide in America exponentially. Barring people from investment would be a downright criminal action.
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This is totally absurd and is a method of increasing the wealth divide in America exponentially. Barring people from investment would be a downright criminal action.
Federal regulators should not interfere with the legal liberties exercised by investors to creatively pursue personal prosperity, using advanced leveraging investing methods. Investors must be allowed to learn and explore the best ways of investing suited to their own chosen risk levels. Each adult citizen should be considered mature enough to make their own decisions and bear the consequences of those decisions.
Investors should continue to have choice in investments ... if you want restrictions, let the brokers establish limits and not the government using a broker based form to allow an individual investor to be approved prior to making such investments and to make sure they are aware of the risks
I am big on investing in leveraged funds and it has worked great towards achieving my financial goals over the past few years. I strongly insist that leverage and inverse funds be fully open to all public
You y'all keep doing this there will be no money to live on. Stop steering everyone hard earned money. Everyone wants to have a nice life.
Regarding Pro-Shares (SDS), "we the people" do not want more regulation on "complex products" or any other regulation that prevents free will based on market conditions. Instead, your energy should be focused on the education of risk for these products ONLY. Your intervention in this matter, in itself, is controlling and disruptive to current investors. An attempt to control this sector will, in itself, cause an exit of cash flow leading to manipulation.
Comments: These complex products are important for clients to be able to hedge theri portfolios.
MEME stocks and excessive margin has created much more volatility and seems to be unregulated at the firm level where these ETF's are.
My concern is if these are limited then it will drive investors to other less visible aggressive investments
I have reviewed the documents and understand the risks of investing in leveraged products. I assume the risk, its made clear and the functionality of the instrument is also clear. I do not believe restrictions should be imposed on these investments as it will allow others, who are not restricted, to have an upper hand.
I oppose limitations on my ability to buy the funds! I use them as a limited part of my overall portfolio. I'm an amateur investor trying to make a few bucks like the big guys out there. Please don't hurt my investment strategy. This is America and that means Freedom to choose! I want to maintain my current freedom to invest in public securities of my choosing!
I don't want my rights to be taken away to invest in leveraged or inverse investment products.