Jose Astengo Comment On Regulatory Notice 22-08
I am against this Regulation Proposal
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I am against this Regulation Proposal
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks. I don't need my hand to be held!
Please stay out of areas where you don't belong. We are not all dummies, you know...nor are we Democrats...but's that's redundant.
I am a licensed broker and financial advisor with industry credentials and could likely meet most of the criteria FINRA proposes to impose. However, I believe it's morally unjust and politically undemocratic to restrict the use of powerful investment tools to the wealthy and well-connected.
I want leveage investment to hedge other portfolio investment to min our overall investment risk
If you have to safeguard investors then please look into SPACs. Leverage ETFs arent as bad as options trading. Cut off options trading first to keep the trading grounds fair.
I have the right to invest, buy, sell or trade investment products as Im responsible for my own actions. No third party should be involved in my personal business.
I am a retail investor with approximately $1M in investments, spread over several accounts. I routinely trade leveraged and inverse ETFs as a small portion of my overall investment as part of my overall risk management strategy. Though these ETFs are a small percentage of my total assets, they sometimes form a larger percentage of an individual account, as I concentrate all these trades in a single account.
Having funds like this is an important part of the free market. Investors are warned multiple times prior to purchasing leverages funds and are able to educate ourselves on the risks involved in making these investments.
The investing public needs less regulation, not more, in our right to choose how to allocate our investing cash. Please do not pass additional regulations that will restrict our ability to invest and hedge investments.