Joseph Smith Comment On Regulatory Notice 22-08
Stop regulating out freedoms and rights away under the mask of regulating for protection. Opportunities for financial gain should be open to all, not only the super wealthy.
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Stop regulating out freedoms and rights away under the mask of regulating for protection. Opportunities for financial gain should be open to all, not only the super wealthy.
I am writing to express significant concern with respect to regulations being considered by the Financial Industry Regulatory Authority (FINRA) that may restrict my ability to buy leveraged and inverse funds and dozens of other popular investments deemed by FINRA to be complex. Leveraged and inverse funds are very important to my investment strategies. I regularly use them to protect (hedge) my investments and/or seek enhanced returns, as an extremely thoughtful and limited part of my overall portfolio.
I utilize the type of investments I utilize. I am cognizant of risks that are inherent in trading leveraged and inverse funds. They are tools that I use when I choose. At times I use to hedge, and other times to incandescent my portfolio. I oppose any restrictions in my investment portfolio. I do not wish to lose this ability
This is a free country, free to invest how ever we see fit. To have a special process is against the constitution. Just because the US market is about to face the largest collapse of its existence, doesn't mean you should be allowed to stop others from investing because you are going to lose your pants. You can't offer stocks when it benefits you, then take them away when it doesn't. These actions are what push countries to the brink of civil war.
I use leveraged and inverse investment products as good hedges against other investments and business and aspects of life. ALL investment products should be equally accessible to EVERY investor and EVERY market participant. Too often now the SEC and regulators are making more and more only accessible to the very wealthy and that is unconstitutional and wrong.
I would like to continue as its very important for me to recover all my losses this year. Being limited will take away my ability to invest long-term and have my profile recovered (50%+ down). Nothing will get risk its just simply leveraging in ETF form.
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 am writing to oppose restrictions to my right to invest in leveraged and inverse funds. These funds are very important to my investment strategy and I shouldn't have to go through any special process to invest in these funds. Public investments should be available to all and not to just a few people. I fully understand the risks of leveraged funds and I use them as a hedge and also to enhance my returns following my own carefully thought out investment strategy. Please consider my comments above and do not impose any restrictions.
Restrictions are never the answer. Leveraged and inverse funds are not complex or difficult to understand and they are an important part of my wealth building strategy.
I strongly disagree with the proposed regulations to limit the public securities that individuals can purchase. Having access to leveraged and inverse products allows individuals to protect themselves as integral parts of their portfolios and create opportunities to build wealth. There are obviously risks associated with these products, as there are with all investments, but deciding on ones risk tolerance should be an individuals decision, not regulators.