James Durbin Comment On Regulatory Notice 22-08
Hands Off
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I oppose the restrictions to my right to invest.
Please refrain from from taking my ability to invest in the same funds as the wealthy. You can add disclaimers to warn people of the risk but the market should be free to all to invest in the funds they wish.
I oppose any effort to restrict access to leveraged or inverse trading tools or ETFs
I am fully capable of educating myself on the risks and I see no value to the government interference in my private investment choices.
leveraged and inverse funds play an important role in my risk management strategies.
leveraged etfs allow me to take properly hedge and balance my trading accounts and my more restricted 401k and IRA accounts.
inverse funds allow me to hedge agains market declines
We should be able to choose which investments are right for me and my family, not you the regulator
I oppose restrictions being placed on my right to choose and invest in stocks/bonds/annuities/funds/ETFs/crypto with my own resources as I see fit.
I have been investing for nearly 30 years, carefully researching the products I trade without relying on any particular broker nor adviser. I have recently added cryptocurrency assets, including BITO Proshares. I view this as an additional branch to my overall diversified portfolio.
Individual investors oppose the SEC Proposed Rule:
5/7/2022 ..Special Test! Do I need you to look over my shoulder as I decide that the price of a security is unrealistically high? Maybe force me to take a special test to judge if I am worthy to take a position?
So what is it? A complete lack of understanding free/fair price discovery? Or arrogance that you (the experts??) know best for the rest of us.
Limiting the general public’s access to complex products while not limiting institutional access will greatly and unfairly benefit the richest citizens of this country, while hamstringing the middle class citizens who wish to generate income through complex products, and who do not have the means to go through institutions as middle-men. Americans should be free to choose where their money goes. There is no sense in restricting retail access to, for example, a leveraged index fund while infinitely more speculative investment options remain untouched.