George Wallace Comment On Regulatory Notice 22-08
RE: S7-24-15 There is no need for FINRA to be involved in private investment matters. Do not make things more complicated and inefficient.
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RE: S7-24-15 There is no need for FINRA to be involved in private investment matters. Do not make things more complicated and inefficient.
I am writing to ask that you do not put investment restrictions on individual investors with regards to leveraged funds and inverse funds. These funds are safer than taking out margin in my brokerage account to leverage up my positions. Inverse funds are great for portfolio management at times like this when the stock market is over valued and the federal reserve is raising interest rates. It is not fair to make us individual investors take a test to prove our knowledge and understanding of the risk of investing in leveraged and inverse funds.
I strongly oppose regulations that would limit my ability to invest in inverse funds, and to a lesser degree leveraged funds. Financially, this is censoring my ability to invest in financial trends as I see them.
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 Leveraged and inverse funds are important to my investment strategies. Leverage and inverse funds, help me protect (hedge) my investments to seek enhanced returns.
This is a ridiculous restriction. Let me get this straight. You will allow me to buy unlimited amounts of lottery tickets - almost mathematically guaranteed to lose me all my money in over 99% probability - but you don't want to permit me to spend my own money on investments that allow me to make money when the markets are collapsing. This is a serious restriction of personal liberties.
Attn. FINRA: I oppose any limitations on my ability to buy these types of Funds as leveraged and inverse funds are important to my investment strategies. I should be able to choose the public investments that I consider to be correct for me and my family. Public investments should be available to all of the public, not just the privileged few. As a seasoned investor I understand the risks!!! I shouldn't have to be required to go through any special process like passing a test before I can invest in public securities, such as leveraged and inverse funds.
the system right now is set up for me perfectly since I am a inverse trader. it is a trading system I use instead of shorting stocks which if I had to like most inverse traders would defiantly do along with day trading which in my opinion would cause havoc on quality stocks and the market and also would cause a lot of traders to go into options were a lot of traders would get hurt financially. I encourage you too leave the system as is to keep the market as stable as possible at this time.
It's none of your [REDACTED] business what assets I chose to invest in. [REDACTED] -Average American
I strongly oppose restrictions on my right to invest! I am able to choose public investments that are right for me and my family! I see no reason for you to restrict my use of them as I understand their risks! I don't need nor do I want your ways imposed upon me regarding leveraged and inverse funds which are important to my investment strategies. They are desirable even as a limited part of my portfolio.
I do not need anyone to limit my own investments