Scott Hebestreit Comment On Regulatory Notice 22-08
I as a private citizen should be allowed to make investment decisions without being regulated, this is part of what makes America great and leads to inovation on many levels.
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I as a private citizen should be allowed to make investment decisions without being regulated, this is part of what makes America great and leads to inovation on many levels.
Public investments should be available to all of the public
Do not touch my hard Earned Money. Nobody gave it to me and i Didn't steel it like some people i know. Leave my money alone.
You'll aught to be a shame of your self's trying to take away the older peoples money like that. Your getting ready to start World
War lll.
I oppose restrictions on my right to trade in particular securities or requiring prequalification to do so. The securities I trade in are a critical part of my investment strategy and I use them appropriately with stop loss orders to protect my capital. I have over 40 years experience trading in the financial markets and shouldn't be required to prove to anyone that I know what I'm doing.
I am currently "under water" with an inverse fund and am waiting for a market recovery. I do not want to be forced out of this investment at a loss.
Comments: Dear Finra ,
I am a 90 year old (young) combat veteran of the Korean War , the stock market wars of the 1960's and '70's' and , for the better part of my working career , NYC taxi-owner driver .
Each situation requires an investment of a sort . My point in this limited space , is , if people don't do "due diligence" in their risk taking , the result could be disaster .
Look, most folks already have an investment advisor. I expect HER to know whatever regulations you folks are planning to add to the process of buying investment products. Furthermore, your idea for additional regulation sounds to me just like a LITERACY TEST FOR VOTERS. So here's the deal... I'll buy your "additional investing regulations" just as soon as we go back to literacy tests for voters. DEAL??? I figured.
I understand leverage and inverse funds and risks associated with funds. I found that these funds are working well for hedging against my long term investments for me. So please allow individual investors to have that funds available.
Please don't deny me the freedom to choose investments that have helped me achieve long-term financial security. We know how to read. We know the risks and we also know the rewards.
Don't tie our hands...let us choose.
I oppose the limitations on the investments in "complex products" such as the leveraged funds offered by ProShaires.