Marc Nanasi Comment On Regulatory Notice 22-08
you should be ashamed for trying to minimize retail investors access to many useful and powerful investment instruments.
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you should be ashamed for trying to minimize retail investors access to many useful and powerful investment instruments.
I do not agree with this proposed new regulation, especially with making it available to only high net worth individuals. I am not a high net worth individual, but I do fully understand the risks associated with investing in these securities and I am using these instruments as part of my overall investment strategy.
I could go into a long monologue about why this is wholly unnecessary, and un-American, but I'm a very busy man, a business owner and former Series 7, 6, and 66 SEC license holder, so I know I qualify to invest in this stuff and probably will regardless of whatever ridiculous rules you grifters dream up. I also have been doing business and investing stuff long enough to know that you corrupt degenerates only come up with these "consumer protections" whenever your "elite" cronies start getting beaten by the "little people".
I oppose restrictions to my right to invest in public investments including leveraged funds and inverse funds. These funds are important to my investment strategies and to seek enhanced returns.
It is important for retail investors to have trading options that do not require trading options. That is a bit of a play on words, but I hope you get the drift. I don't want to trade options but I do want to be able to invest in ETFs that short the market. It is an essential part of my investment portfolio.
Use of leveraged and inverse funds are key to my investment strategies. I do not believe that they should be excessively regulated. I am currently using the inverse Long Treasury Bond ETF as a hedge against higher interest rates.
I have been investing in the stock markets for over 50 years and am quite capable of making my own considered evaluations about a particular investment. I also study competent outside advice. I do not need or want your interference in my right to make those decisions, thank you very much! In other words, just bug off, Nanny, and stick to your job of rooting out the fraudulent practices in your registered companies.
I strongly object to restricting my right to invest in public investments. Leveraged and inverse funds have disclaimers currently that clearly state that they are not suitable for most investors.
I have been using inverse leveraged funds to hedge my investments for many years. Sometimes, as in the current environment, I have been using inverse funds as a stand alone
investment strategy. If I had to comply with special regulatory
procedures before using these strategies, I probably would not
use them.
I do not find inverse or leveraged funds require a highly
sophisticated skill set that is beyond the understanding of
the investing public.
This is ridiculous. I want my right to buy LEVERAGED AND INVERSE funds if I choose to do so.