I, not you are best able to determine what types of investments are best for my wife and I. WHY are you proposing regulations that may limit my ability to structure our investments the way I have successfully done for over 50 years, in part using leveraged and inverse funds? Are you trying to protect investors from themselves, perhaps trying to reduce volitility in the markets, or just have time on your hands to think of something that may "do good" for investors? I submit that people like me who use such tools know full well what we are doing and know and accept the consequences of our actions. 90%+ of my investments are for the long term in part using inverse funds, and 10% are speculative using options, inverse funds and leverage. I can pass any [REDACTED] test you make me take for the "priveledge" of investing as I please, WHY should I be made to do so? Government is best that governs least in my opinion; you are not needed for whatever reasons you have for these proposed rules.
Daniel Timm Comment On Regulatory Notice 22-08
I, not you are best able to determine what types of investments are best for my wife and I. WHY are you proposing regulations that may limit my ability to structure our investments the way I have successfully done for over 50 years, in part using leveraged and inverse funds? Are you trying to protect investors from themselves, perhaps trying to reduce volitility in the markets, or just have time on your hands to think of something that may "do good" for investors? I submit that people like me who use such tools know full well what we are doing and know and accept the consequences of our actions. 90%+ of my investments are for the long term in part using inverse funds, and 10% are speculative using options, inverse funds and leverage. I can pass any [REDACTED] test you make me take for the "priveledge" of investing as I please, WHY should I be made to do so? Government is best that governs least in my opinion; you are not needed for whatever reasons you have for these proposed rules.