To Whom This May Concern, I do not agree with SEC Proposed Rule #S7-24-15. I believe that I should have the ability to choose what investments are appropriate for myself. I am capable of appropriately educating myself without having to pass "tests" imposed on me. Leverage and inverse funds are very important to my investment strategy. In fact, I followed a very regimented investment
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
* I am able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged.
* I don't need to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I'm capable of understanding
I use leveraged and inverse funds sometimes to hedge or balance positions or respond to geopolitical changes: it is difficult enough to profit in the market without more unnecessary regulatory hurdles I have not encountered any of these ETFs that were especially opaque, hard to understand, or misleading: these products' labels do not need to be any clearer than they already are, nor
I would like to make my point why this regulation does not benefit or protect consumers the way FINRA might think:
Leveraged ETF's:
Getting a loan for a mortgage by putting % as down payment is also a leveraged product, not complex at all, are you going to regulate that too? Should people read or pass a test to buy a house? Even more, this is all my MY MONEY not the banks', let
I stand in opposition to any proposed FINRA regulations that would prohibit me from purchasing or owning inverse or leveraged funds. Further, I oppose any attempt to create a special process such as passing a test before I can invest. After all, they are public securities. These products include extensive disclosure documentation which is more than sufficient to warn of the potential risks of
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Executive Summary
In Notice to Members 99-
Regulators need to stop dictating what we as investors can and cannot due. The proposed regulations in rule 22-08 are akin to discriminatory voting test or other suppression tactics which have been used to disenfranchise broad demographic groups. All investments should be open to all. Regulations cannot protect us from ourselves. Restricting certain investments to high-wealth individuals or other
If Finra is going to enact such extreme regulations why have registered representatives? Why would customers even need a licensed registered representative to help them with investing if the only thing they can invest in are simple investments unless they take a test. There are already more than enough regulations and compliance tools to keep registered representatives accountable. This may sound
Public investments should be available to all of the public, not just the privileged. I not regulators should be able to choose the public investments that are right for me and my family. I shouldn't 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
As an investor for more than 27 years, I oppose restrictions to my right to invest in public investments.
I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged few.
I shouldn't have to go through any special process like passing a test before I
