Ronald Welch Comment On Regulatory Notice 22-08
Government over regulation at its worst . Free markets also mean free to invest In them.
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Government over regulation at its worst . Free markets also mean free to invest In them.
At least you should wait for the stocks to hit all time high (that will happen eventually) before you force people to sell their leveraged investments.
Otherwise you force selling at loss.
I am writing to voice my opposition to the proposed regulations limiting my ability to invest in leveraged and inverse funds. I believe I am the perfect example of someone who will be hurt from the proposed regulations. I have an education in business and finance and experience in the field. I did not grow up in a wealthy family and have worked hard to earn a small amount to trade and invest. It is only in the past year or so that I have had the ability to trade and invest seriously. I am growing my account in large part due to trading the types of funds that will be regulated.
Let me decide how to invest !!
I would like to have the freedom to invest in leveraged and inverse funds. I am investing my money and taking risks at my choosing. I do not want to be limited in not be able to make an investment in a leveraged, inverse or complex investment.
I wish to choose the public investments I invest in myself. There doesn't need be testing to purchase these investments as I fully understand leveraged and inverse funds. I use the ProShares UltraShort 20+ Year Treasury (TBT) to hedge against rising interest rates. Thank goodness this investment is available to the general public!
There are other pressing issues than govt telling me where it is suitable for my monety.
I am against any rulings which will limit my right to invest.
More information. Less government intervention.
Abolish FINRA and let the SEC do its own job. We don't need a big brother looking out for anyone, let people learn from their own mistakes. Must the government and its cronies control everything.