Patrick Yankaus Comment On Regulatory Notice 22-08
Dear Regulators,
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Dear Regulators,
You are doing the public no favors by limiting it's access to capital markets. Leveraged ETFs play an important role in giving middle America the opportunity to beat the market and you should be ashamed of yourselves for attempting to pass any regulation which would prevent someone from trying to build wealth for their future. At a time of unprecedented income inequality any action by FINRA which would have the unintended consequence of preventing the working class from ascending into the upper middle class is particularly tone def. Shame on you
We should democratize investment opportunities that allows everyone to participate. Limiting the pool to qualified investors will drive the rest towards alternate avenues outside regulatory framework.
Normal people should have access to high risk high return investment opportunities not just big banks and hedge funds
Let us invest
If the access is restricted to only big players, then you have enhanced the ability of equity funds, hedge funds and investing banks to pillage the retirement funds of those who saved for retirement. Do you favor the raiders or the people? You could do away with shorting and derivatives and one must hold that transaction for 3 days. Thank you
I should have the freedom to invest as I please. Educated investors can make money
It's clear, there is ulterior motive to this filing. The encroachment of overly protective, provisions, would not be supported by me or a majority. There seems to be other agenda, of the few categories it could be, to this. If reasonable standard upholds, this will be rejected.
Please, take care of important matters, like homelessness, wages the out control prices of utilities, food and of course no accountability for the way this political system is run.
Those matter most not cryptocurrency. Your concern with cryptocurrency is unwarranted. Please see to important matters, visit this idea, never again!!
Signed,
concerned citizens
I believe it is crucial that investment choices remain the prerogative of each individual investor and not relegated the privileged powerful who lobby government to restrict investment opportunities to that which only they control.
Just explain the risks involved and allow us adults to make our own allocations based on what is appropriate for our financial situations.
I regard the availability to invest in leveraged and inverse ETFs an important tool to balance and protect my portfolio as well as provide additional returns during market downturns.