Andrei Kleinschmidt Comment On Regulatory Notice 22-08
Don't take away my ability to invest in what I want.
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Don't take away my ability to invest in what I want.
I believe I should be able to invest in riskier products, with my skill and experience, and shoulder the risk accordingly.
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 do not need these measures imposed on me.
I am very concerned new regulations will restrict or eliminate my ability to continue trading leveraged and inverse funds. I regularly use inverse funds as a small portion of my investment account to protect the account value when my buy and hold investments are impacted by unexpected world and national events which drive the market. The new regulations could be considered a TAKING (under 5th Amendment) as the government and large investors will benefit while the 'little guy's' investments ebb and flow based on influences I no longer have an ability to protect against.
I oppose any restrictions. These funds are critical for me to make a living. I am not rich. I am just getting by. Restricting access to these funds would hurt me signficantly.
I find the regulation imposing limitations on my ability to trade funds. If is against the free market.
Regulators do not know what is in my best interest better than I do, and should not seek to override my judgement in financial matters.
I am opposed to further regulations to restrict or disqualify me from trading L&I Funds. I am aware of the high risk and short term volatility to valuations of these funds and the need for daily if not hourly monitoring and evaluation.
My brokerage firm, Fidelity, already provides a popup warning statement for me on these funds and it has been effective in causing second thoughts and in some cases a canceling of the trade. Thank you for considering my input.
I disagree emphatically with limiting retail investors access to leveraged products and the inverse leveraged products. If one educates oneself, these products can be a highly effective means of benefiting from volatility in certain sectors.
The level of legislating for oneself is constantly being reduced to the lowest common denominator. Let's try to keep some sense of freedom of choice and stop underestimating each individual's ability to learn, grow, and prosper.
I oppose restrictions to my right to invest