Jeffrey Pascal Comment On Regulatory Notice 22-08
My risks is my business!
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My risks is my business!
Hello, I believe the proposed regulations would greatly and unnecessarily restrict investors, all investors, from exercising their right to freely participate in funds, inverse funds, etc.
Please do not restrict the access to these funds.
I have used these type of funds for many years... they have had there ups and downs but that's part of investing.
If this becomes regulation, investors should be allowed a period of time to become in compliance before the regulation takes effect. Currently, leveraged etfs have been hit hard from the market correction. If investors are not given time to exit their position, they will be forced to sell shares at a loss. This is bad timing for this change to be implemented, and it should not take effect immediately if passed.
Sirs,
It is not clear what regulations you plan that would limit leveraged/inverse EFT and similar inventments. However, I would like to strongly suggest that anyone with several years experience in stocks/options be allowed to trade them unless their account is in the "savings" category v.s. "investment" category. Restricting experienced individual investors simply puts too much power in the hands of professionals and manupilators.
It just seems that regulators only want hedge funds to make any real money.
I oppose these restrictions on leveraged and inverse funds. I should be able to choose public investments that are appropriate for my investing style. I should not have to go through a special process such as passing a test to be able to invest in leveraged and inverse funds. I am very capable of understanding leveraged and inverse funds and their risks. These types of funds are very important to my investment strategy and are extremely important in a down market.
This proposed rule is an infringement on investors' freedom to invest in whatever they want to. Investors (not regulators) should be able to choose investments that meet our needs. The FINRA better not move forward with this regulation as investors are not in favor of this. No investor should have to go through special classes or processes to invest. Investors have the ability to assess risk, etc. and do not need the FINRA babysitting our investment transactions.
Leveraged and inverse funds are important to my investment strategies. I will take the risk if I decide to purchase a suck kind of product. So there is no reason to forbid us to have more choices.
I should have the right to buy cryptocurrency.