William Younk Comment On Regulatory Notice 22-08
I want leveraged and inverse ETF's they are a important part of my investing and trading program. Do not take them away.
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I want leveraged and inverse ETF's they are a important part of my investing and trading program. Do not take them away.
I am writing to oppose restrictions to my right to invest in certain securities. These products can be very risky, and all investing has inherent risk, it depends on the person's financial situation and risk appetite. These restrictions are not representative of a free market, capitalism, or America itself. Keeping these complex products around allows investors to understand more pieces to the puzzle of the market, and use their risk to their advantage.
I have been trading leveraged elf's for several years and do not need any oversight or extra steps to be able to trade. I am executing a good portfolio strategy and do not need any additional oversight. Please stay out of my business.
There is absolutely no reason why leveraged and inverse investment funds should be removed from any individuals investment strategies.
I have been using them for decades, with some success and with some failure. But just as individuals with bad driving records are allowed to drive (and possibly harm others or themselves) those with less than perfect investment records should be allowed to invest. When I hear "I am from the government and I am here to help you" I worry. And I am worrying now!
I oppose the proposed rule changes from FINRA that may prevent or restrict investors from buying a broad range of public securities designated as complex products.
Do Not Change This Regulation
I have years of experience using multiple funds and am an adult. I don't need anyone infringing upon my right to use my own hard earned money how I see fit. If spending money on liquor and beer or Vegas is allowed, how can you possibly regulate investments like this?
I am advocating for the peoples right to choose what types of things to invest in. I find it an insult and huge impingement on my freedom to be prosperous. If the government takes responsibility for those choices, are they willing to saddle the liability? Allow adults to be adults and they will rise. Treat people like children and they become your children, and don't think for themselves. Empower the people with choice.
This is a free market. Our investments should not be regulated.
I oppose restricting my ability to choose the funds I invest in. A great example is I recently took a small position in TBT which has cushioned the downturn in my bond holdings allowing me to continue to receive the income the bonds provide. You will be removing an essential tool from the investing public.