Bonnie Terry Comment On Regulatory Notice 22-08
No more regulations!
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No more regulations!
I am writing to express my objection to any upcoming restrictions to my right to invest. As an investor, I should be able to choose the public investments that are right for me and my family. Neither FINRA, the SEC or any other agency or NGO knows my situation nor can it decide what is best for me. Further, I should NOT have to go through any special process like passing a test, before I can invest in leveraged or inverse fund. These instruments help me hedge my portfolio and are necessary.
Please stop any intrusion into my right to invest as I see fit.
Dear FINRA regulators,
I think you have a very difficult task with balancing the need for fairness in securities markets while making sure that bad actors do not prey on unsuspecting individual investors.
I find it troubling that regulatory agencies would limit my ability to use cryptocurrency for the advancement of my personal financial future. It would be a miscarriage of justice to limit individual liberty by not allowing or limiting my ability to invest in Cryptocurrency. Also why not focus on hedge funds and big banks commiting fraud by shorting different crypto assets to profit themselves while stealing from people like myself.
As an investor who uses inverse funds in my portfolio, I am opposed to any restrictions on my rights to invest in these public investment. I do not want or need these restrictions placed on me or my family. With current market conditions and outlook, now seems an especially bad time to implement these un-needed restrictions.
To Regulators,
I Oppose any/ all regulation on crypto!!
Restricting investments for individuals in any publicly traded security or fund/ETF should be forbidden. Who are the regulators that seem to think that they get to play "God" with my money. Exchange traded funds/ETF's, stocks all go thru rigorous disclosure requirements and clearly indicate there is "risk" of loss when investing. This is clearly overreach on the part of the regulators and dystopian!!
Leveraged funds have performed the best for my portfolio. I have literally quadrupled my money that was put into UCO and HZOZF(which I can no longer buy due to new regulations) by holding them both longer than a year, not day trading them as they are apparently designed for. Let the adults make adult decisions about their own money.
I strongly oppose any restrictions on my right to decide what I can and cannot invest in. I currently invest in 2X or 3X products, both bullish and bearish. I am a grown adult, with 30 years of experience in the markets and do not need additional protection from regulators. I take personal responsibility for my decisions and would prefer that you leave me alone to invest how I prefer. I find the idea of passing a test reprehensible. People are fed up with government overreach and imposing restrictions on me is unacceptable. Thank you.