Shawn Nie Comment On Regulatory Notice 22-08
Dear Sir:
I am writing you to oppose restrictions to my right to invest.
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Dear Sir:
I am writing you to oppose restrictions to my right to invest.
Please let people hv choices in America .
I wholeheartedly disagree with any regulations that restrict my right to purchase leveraged investments. As a licensed CPA, with a Bachelors and Masters degree, working in a corporate finance department, I find it outlandish to propose such a policy that will limit the access of public investments to others due to the risk entailed (which is disclosed by brokers) or due to ones net worth. Net worth requirements that result in the restrictions of public investments are discriminatory. Investments have changed my life. Compounding interest has changed my life.
I'm sure these restrictions on personal investments are all the rage in Cuba, Venezuela, Russia and China. Yes, many Americans are losing money. We don't need our government telling Americans what we can invest in. Better to lose some money than our freedoms. When investors tire of losing money they will invest in other things. Let the market find it's own level. Adam Smith wrote of the "invisible hand" on the markets. Let that hand do it's job. Keep the government regulators hands off of our economic freedoms. Milton Rush [REDACTED]
Your regulations are very intrusive this is still a free country. If I do desire to take such a risk, its my decision. Stay away.
The proposed regulation violates my human rights.
When these types of investments are used properly, they can be used as hedges against your current other investments. People dont have to use these funds if they dont want to.
Im writing to object the proposed special requirements for investing in the leveraged funds. Such investment is a part of my investment strategy. Please allow me to continue my investments. Thank you for the consideration.
I should be the one making financial decisions regarding my investments, not regulators. I should not need to pass a test before investing. Leveraged funds help enhance my returns and hedge against unfavorable market conditions. I oppose restrictions to my right to invest.
Please do not restrict everyday investors from investing in so-called "complex" instruments.