This is an unAmerican and classist proposal. All Americans should have the freedom to invest as they see fit, not just the privileged alredy wealthy few. A test is ludicrous. Do not impose this regulation on the backs of the American public.
I can make the decisions about my investments rather than authorities. Also, no tests should be applied to invest in leveraged etc. investments, either!! Its the invest-ors responsibility!!
George McCleskey IV
I shouldn't have to go through any special process
like passing a test before I can invest in public securities,
like leveraged and inverse funds. I do not
need these measures imposed on me.
Stop the intrusion! I hold the responsibility of my familys
Investments and should not be limited to avenues set by
you the regulators. The citizenry must have the same freedoms to chose as large fiduciaries. Litmus test are not necessary.
Investors are capable of understanding the risks of inverse funds, and I do not believe that I should have to pass a test or that sales of inverse funds should be restricted. Otherwise only the rich will be able to take advantage of these things.
You have no reason and no rights to make someone submit a test to invest in companies. Along with that, ask someone to show their networth and be worth over a certain amount. This is a capatalist country. Lets keep it that way!
Knowledge tests are okay (not ideal), but restricting by net worth and imposing cooling off periods are really, really bad ideas. These regulations would put retail traders at even more of an extreme disadvantage.
I oppose restrictions to my right to invest in leveraged funds. I should have the right to invest in public investments, and shouldn't have to take some special test or get some special permission to invest.
A test is not necessary, the prospectus covers the risks.
Self-directed individual investors that understand the risks should have the opportunity to built diversified strategies, to not only speculate, but also generate income & hedge when appropriate.
There is no test you can make to determine if a person is wise enough to invest. Besides, the govt has no legitimate interest in stopping someone from making a bad investment, whether they can afford the loss or not.
