Jerald Brass Comment On Regulatory Notice 22-08
We can regulate ourselves !!!
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We can regulate ourselves !!!
Dear Regulators,
How else can you exclude me (us) from the chance to acquire some wealth?
I have managed my personal finances for decades and with much success, my investments, me not a broker, not a firm, but me/myself.
My ability to choose my course of action is mine, not yours. This is a capitalist society, why should you tell me where to invest. These are legal public options. Although, mistakes and losses could be made so are gains and returns.
This is so unfair.
We DO NOT need more government regulation. Let individuals make their own choices and risk
The government has no right to interfere in anyway with personal financial investments. This goes against everything American. Is this still a free and capitalistic country or are we converting to socialism? Please protect my rights as a citizen and taxpayer. Thank you.
It is my hard earned money and I have a right to use it or invest it as I see fit, and not some unelected board.
At a time when the value of a dollar is being diluted daily, removing a key hedge used to preserve wealth and worse, limiting its use to high net worth individuals is unconscionable. Access to such instruments was democratized when they became exchange-traded, though some brokerage firms (e.g., Vanguard) already restrict access to them.
I oppose the proposed regulation to limit my ability to trade leveraged and inverse funds. Keep the markets free and open the way they should be.
Since how I invest my money is my business---and no one else's and especially not a government regulator's, I strongly oppose the restrictions on my rights to invest tin public investments.
I am fully able to choose the public investments (which should, of course, be available to all of the public, not just the privileged.) that are right for me and my family.
Leveraged and inverse options should be maintained. They are like any investment product, and all licensed brokers or adviser make clients aware of the volatility decay associated with them. There are currently requirements for different levels of option investing, and a similar clearance could be required for those who invest in leveraged equities.