David Wilcox Comment On Regulatory Notice 22-08
I want to be able to choose my investments, not some beurcrat.
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I want to be able to choose my investments, not some beurcrat.
Comments: This is excessive and unnecessary. How about focusing on fraudulent activity like naked shorting and unfair broker practices?
It is the right of every citizen to be able to choose their own investments. It is insulting to have to get approval, tested to make an investment.The last thing needed is more goverment control in our lives.
In regards to regulations in investing, this regulation takes away the right of people to make profit in the market whether they lose it all or dont thats on them for not doing their due diligence. I think its unconstitutional and goes against the very premise of crypto currency purposes. I think this displays a capitalistic disportionately by leveraging power to people and limits any consideration to those of us who want to build a future for ourselves in a growing market. Please reconsider your next steps in reevaluating how people purchase.
I absoloutely approve of your regulations to safeguard the public. Keep up the good work.
Leveraged funds can have a place in any investment portfolio . One use case I use them for is to help make trades easier in a cash structured account. Sometimes waiting for funds to settle means missing out on a trade due to the 2 day wait period. One can invest 1/3 of an allocation using a triple leveraged fund with the net result of the leverage factor still being one. This allows 2/3 of the allocation available as cash for when needing to sell this allocation and move into another.
I object to all regulations interfering with my right to invest
Please do not restrict US citizens access to purchase funds. Feel free to issue appropriate warnings as to the nature of the funds.
Traders in leveraged and inverse products don't need the federal government's protection in the form of limiting our freedom to trade. This proposal is another rung in the ladder of a burgeoining "nanny state," and the government needs to recognize its proper role as protecting us from clear and present dangers, not hypothetical ones. Because these products may carry more risk, so what? With great risk comes great rewards. Back off--please!
To Whom It May Concern:
Please find my official comment to FINRA Regulatory Notice #22-08. I oppose the contemplated restrictions for the following reasons (among other things):