The Freedom to trade equities and other asset classes feels like a basic right without needing encumbrances to that end. I am a knowledgeable investor of leveraged ETFs that have returned twice annually as much as I would buying and holding SPY, QQQ or the like (1x leverage).
Any regulation that would impose more hurdles to my trading would feel like restriction, when my regimen of trading is likely more careful than most RIAs or Brokers.
Imposing more restrictions on the whole in order to protect a subset of investors feels like a heavy handed restriction that will slow the movement of funds, reduce the tax base and impede the accumulation of wealth during difficult economic times.
Andrew Grant Comment On Regulatory Notice 22-08
To FINRA,
The Freedom to trade equities and other asset classes feels like a basic right without needing encumbrances to that end. I am a knowledgeable investor of leveraged ETFs that have returned twice annually as much as I would buying and holding SPY, QQQ or the like (1x leverage).
Any regulation that would impose more hurdles to my trading would feel like restriction, when my regimen of trading is likely more careful than most RIAs or Brokers.
Imposing more restrictions on the whole in order to protect a subset of investors feels like a heavy handed restriction that will slow the movement of funds, reduce the tax base and impede the accumulation of wealth during difficult economic times.