You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. You shouldn't have to go through any special process like passing a test before you can invest in public securities, including cryptocurrency funds such as BITO. Explain that you are capable of
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST I should not have to go through any special process like passing a test before I can invest in public securities, including cryptocurrency funds such as BITO. I am capable of understanding cryptocurrency funds such as BITO and their risks. I do not need these measures imposed on me. I " not regulators" should be able to choose the public
This feels a lot like A: nanny states attempting to protect us from ourselves in ways said nanny states don't succeed in protecting *themselves* - I think a government with as much debt as the US govt has has no business telling anyone how to run their money B: a set of rules which advantage the rich while screwing over the rest of us - as per usual, rules for thee, not for me, since I bet
I feel that making decisions on my investments should not be governed by anyone but myself and my financial professionals.
I don't think it is right for Regulators to take control of how the public wants to invest in the future of their families, your trying to make the rich get richer once again, middle class people don't have a chance again, when a good thing comes along that's when regulators want to take over, where were you when crypto was just getting started, you didn't believe in it but
Emphasis should be on transparency, education, and understandable disclosures. limiting or restricting access takes away choices.
Comments: The notion of limiting my ability to trade leveraged ETF is horrifying. This is over-reach and Big Brother at its worst. It is not for you to decide my appetite for risk.
I don't believe there is any need to enhance current rules for "complex products" as I don't believe leveraged and inverse funds are complex. The information provided by brokerages are enough information.
regarding the potential further restriction of leveraged ETFs : an investor does not him/herself borrow money to invest in a leveraged ETF, they simply buy it as they would any other security like a stock or bond. I personally invest in leveraged ETFs that track broad indices such as the S&P 500. Although these will be volatile, as they are levered, it is HIGHLY unlikely that they'd
