Erin McGowan-Silva Comment On Regulatory Notice 22-08
Do not regulate
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Do not regulate
Why do you restrict my right to invest? I invest by myself, do not need other people help nor restrict.
I've been trading with leveraged and inversed etfs over years. FINRA should not regulate investor's right to choose leveraged or inversed as tools to build their wealth.
I oppose any restrictions to my right to invest.
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.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds.
I am capable of understanding leveraged and inverse funds and their risks.
I want to make my own investment decisions. I do not want the federal government to interfere with those decisions.
The leveraged ETF's are a way for the little guy to make money. One of the big advantages that Wall St. has over the little guy is a plethora of capital at their disposal. The little guy invests with the little extra savings from their paychecks or bonuses. It's almost impossible to build wealth with the little extra savings most Americans accumulate each year. The old saying used to be..."It takes money to make money". Leveraged ETF's has changed that.
I was unaware until recently that you [REDACTED] might be hatching another scheme to interfere with my ability to hedge risk and/or speculate in the financial markets. Even to the regulatory mind it should be obvious that investors either find these products useful or they avoid them, a principle that applies to all the ETFs and ETNs in the marketplace.
Federal regulation over-reach is one of the most dangerous current threats to our country. You do what you think is right for your life and I'll do what I think is right for mine. Freedom to do as we choose is probably the most important right that the Founding Fathers intended. Now FINRA is threatening to make even more inroads to our freedom.
I, not the 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.
I have been investing in these leverage products for years and hope that you will leave the regulations as they have been.