Ed Washak Comment On Regulatory Notice 22-08
I oppose any need for extra education to trade securities. Ive done well and the risk I take is well acknowledged.
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I oppose any need for extra education to trade securities. Ive done well and the risk I take is well acknowledged.
Finra, thanks for giving us a way to input our thoughts on 22-08. Leveraged etfs offer the retail investor opportunities to take positions, both long and short, that in the past were only available to large asset managers. While warning labels are justified, we should be able to make up our own decisions on when and if to use leverage and or inverse etfs. Taking a monetary loss on a losing trade is all the education a retail investor needs.
For the past three years I have used these funds to build wealth and an income stream for my family. I paid my dues by trading in the markets since 2006. Kindly allow people to make their own decisions. I do not mind if the government purchases as time to educate the public on the government's point of view. However, legislating rarely works.
Dear Regulators, I've been investing for over 20 years. I've used inverse funds in my IRAs when the market was pulling back because I'm not allowed to sell short in those accounts. I've used leveraged funds to increase the opportunity to make good profits at times. To limit me from doing either of these two investment vehicles hampers my ability to compete fairly. That's why I'm against the restrictions you oppose.
Our right to freely invest should not be violated to support a free market. I am against this and do not want regulators to choose investments for myself or my family.
Quite simply put - my money, my choice. Keep your hands off of my personal investment strategy - I understand the risks and don't need a babysitter.
I oppose the new restrictions on my right to invest on leveraged and inverse funds.
Please do not limit my ability to buy the Funds. Freedom of choice is very important to me.
We use inverse ETFs to protect clients' portfolios during periods of increased volatility. Please do not take away this important tool.
As an investor I want and deserve the freedom to make my own choices about assets in which I invest. The SEC should not be taking on the role of "big brother" to oversee and perhaps overrule the decisions of millions of investors. Many of the decisions that all Americans make carry risks even greater than our investments. For example, the person we choose to marry or our career choices, even where we choose to live. As Americans we enjoy freedom to make choices and mistakes and to live with the consequences. What rule number S720 415 proposes to do is to deprive us of that very freedom.