THe I in IRA is my individual acct. I as an indivdual am responsible for my acct. This investments were ok while the market was going up. It should be ok for when the market stops declining and starts going up again after it hits a bottom. I am aware of the riskd and except the risk. I dont want someone to tell me how to invest.I plan on using the funds as to improve my investments when the
You seem to be planning to go far beyond any legitimate mandate. Your role should be to make sure investors are adequately informed of the risks of leverage . Make the management pepper their ads, reports etc with as many dire warnings as you like, but kindly allow investors to manage their own risk tolerance. Being a watchguard for investors is not the same as being our mommy.
Roger H. Kaye, MD
July 1999
Year 2000: Will Your Firm Be Compliant?
Recognizing the importance of ensuring the Year 2000 readiness of the securities industry, the Securities and Exchange Commission (SEC) has taken key steps to encourage active compliance efforts by broker/dealers. The first of these actions required broker/dealers to submit two Form BD-Y2K progress reports under Rule 17a-5 of the Securities and
leveraged funds are a important hedge strategy in our investment planning with market volatility. Why regulators would want to restrict investment in these instruments makes no sense. This is just more restriction on our rights and is most likely unconstitutional, under the guise of government protection. Current warnings about investing are totally sufficient. Advice about investing using a
By limilting the investing power of the common individual you are creating a sense of dependancy and not offering a way to financial independance.
It is our hard earned money not YOURS and we should be able to invest it as WE deem necessary. BITO, is no exception. Investing in Crypto Currency funds allows freedom of diversification which is key to financial planning, to anyone who chooses to do
I fell that various Cryptocurrencies are understandable by me and may play a part in my future financial plans. I am a retired dentist who spends over six hours per work day studying various financial instruments. My total dollar value of all of my stock accounts is over $1,600,000. I believe that to limit my ability to trade in Cryptocurrencies puts me at a disadvantage compared to investors all
I oppose changing the current regulations regarding investment in leveraged funds.
Public investment should remain open to the public.
I am capable of making and accepting my investment choices without the need of special tests or permissions instituted by your agency.
Leverage funds play a key role in my portfolio and I am the one who makes these decisions. I dont desire or want changes made
Dear Regulators, Why are you planning to ban inverse and leveraged funds for ordinary investors? Should the ordinary Americans' money should be dumb money going only one way on a conveyer belt but the hedge fund and Wall Street can benefit from it? This is especially in contract to allowing Ponzi schemes like bitcoin to take retirement funds money. One must be either dishonest or
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Rule 3500 Series (Emergency
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In May 2004, NASD issued Notice to Members 04-37 regarding
The system has been corrupted by unethical, greed motivated, vulchers. This is catastrophic. Regulations were written by lobbyists to tip the scale AGAINST the IRA HOLDING retires that have lost pension plans, only to be cheated of real earnings. A self-governing, quasi regulatory group, without robust oversight, leaves the average retirement fund at inordinate risk just as soc security is
