William Jeffries Comment On Regulatory Notice 22-08
Let us have investments as we always had
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Let us have investments as we always had
I do not want any further restriction and OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST
Once again there is legislation that seeks to prevent the smaller investor from having equal opportunity to invest as they see fit. I feel like you are treating us like children, by requiring me to pass a variety of hurdles in order to have access to leveraged and inverse trades. This is my money and I should have the same rights as everyone to invest it how I see fit. We are not children and I don't appreciate someone treating me like one!
Comments: I fully support unrestricted access to 3x ETFs to individual traders.
However, I would mandate these funds to explain in more detail using real past data to demonstrate
1) how 3x effects occur over multi-days
2) how contango can erode the value and exactly how much erosion is occurring
3) and how often and under what criteria fund holdings are changed
3x funds are great, we just need to improve on explaining the usually not well described details
To Whom it may concern,
I should be able to choose investments that are right for me and my family.
Dear Sirs,
I'm concerned about the proposal of "Regulatory Notice 22-08". Indeed, it might be a must for regulators to take certain action on new financial products, but I don't think this restriction can solve the problem. The reason is listed below:
1.What serves as complex product is too ambiguous, that means, investors can’t figure out what investment tools they can use.
2.Investment decision should be made by individuals, not regulators. If investors can tolerant such risk, there’s no need to make such restrictions.
Your arrogance is unprecedented. We are not children. Quit taking stupid actions to justify your job. I'll be writing my congress person about this.
Please leave our investments alone. They don't belong to you.
This is an utterly ridiculous regulation. How can ordinary young people such as myself am able to invest my hard earn money and a chance to become wealthy myself without all of these hurdles. If the general public cannot invest in public securities, then they should not even be considered "public" to begin with. Do away with this absurd regulation and allow everyone to invest. No more privilege.