Payton Pick Comment On Regulatory Notice 22-08
Please keep this legal
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Please keep this legal
People, not regulators, should be able to choose the public investments that are right for them. Public investments should be available to all the public, not just the privileged. We shouldn't have to go through a special process or pass a test before investing in public securities like leveraged and inverse funds. People are capable of making their own decisions and understanding the risks.
I, as the investor, should be able to choose what investments I want to commit my capital to. As an investor, I should have all available information about an investment to make a prudent decision based on my goals and risk tolerance. Putting restrictions on investments deemed high risk is only favoring those that are approved to trade them. I request that FINRA focuses on ensuring that proper warnings are disabled and sufficient investment materials are made available to ALL investors for these types of investments.
I should be able to choose what is right for me as an adult. FINRA can give guidance but shouldn't block instruments arbitarily. Even private equity investors go horribly wrong so having large portfolio is no gaurantee for sane investment. People like me from middle class rely on long term compunding of leveraged instruments for a sizeable retirement fund. for example there are a whole community which uses long term treasuries as hedge while holding leveraged etfs to combat any crashes. I for example hold 35% each in SSO and QLD and 20% TMF and 10% between TLT and cash.
I should be able to choose the investments that are best for me and my family. Public investments should be available to the public and not a select few. There should be no special process to invest in public securities. These types of funds are important to my investment strategy. I oppose restriction to my rights to invest.
Mark
The statue of liberty promised freedom for all, including freedom on what we do with our money.
Do not put regulations on these type of investment
Let's see some research as to who is using these instruments, how long they are holding them, and examples of smaller investors getting into trouble with them.
As far as I can see, most of the market is as risky as these etfs are.
What did you do about the Robinhood brokerage?
I have invested wisely for many years and this attempt to limit my options to invest will damage the overall integrity and effectiveness of my strategy. i fully understand "leveraged and inverse funds and hope that this proposed action will not be instituted.
It is unfair for retail investors not able to access to these ETFs. We should not pass this . I am strongly allow retail investors to choose