Prat Shar Comment On Regulatory Notice 22-08
Do not close inverse and leveraged funds . Its important to the individual to be able to plan his retirement
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Do not close inverse and leveraged funds . Its important to the individual to be able to plan his retirement
Worry about regulating what retail investors are allowed to do after insider trading inside congress is dealt with. Aside from that soundbite, it's an absolute joke. Gambling is legal throughout much of the US, and nobody makes sure you understand roulette before you participate. The reality is that sometimes people make bad decisions and lack the proper knowledge to make the decision in the first place. Doing your own car maintenance if you don't have mechanical knowledge is ill advised, and potentially very costly.
It is my understanding that FINRA or other regulators are considering new restrictions on my right to trade. I do not want, or need, new regulations imposing on my right to trade. I am fully capable to trade and when I have questions I ask my broker. I do not need help understanding leveraged or inverse fund and I sure don't need FINRA or other regulators telling me what I can invest in. I have taken the time and put in the effort to learn about inverse funds in particular and use them to help protect some of our other investments.
To Whom it May Concern: It is my money. I should be able to invest it however I wish. I have met absolute idiots that are fully licensed brokers- they could not even tell the difference between a Will and a TOD account. Please tell me why again, I can't invest my own money? People need to grow up and realize they are accountable for themselves.
These decisions are made in consultation with my financial manager.
I invest all my funds in leveraged and inverse ETFs. Please do not restrict my ability to do this. I do not need you to hold my hand, and do not want you to regulate my ability to invest my funds as I see fit.
Do not regulate the inverse funds any further. Any fool can lose his or her money by making stupid investments. The latest in consumer toys and total immersion in the ignorance of the metaverse is a prime example, but that sort of thing happens every day and is, of course, praised by the elitists who would regulate everything for the sake of no one ... but themselves and their cronies. You would actually be causing great harm to free markets by such regulations!
Enough with regulation ladies and gentlemen, this is America the land of the free, regulators and politicians are hired because of We the people so let this be a free market run buy Us many not them few and greedy.
Sirs I am asking that you do not limit adult US investors from investing in securities and products of their own choosing. As an investor over the last 40 years, I have been protected by various agencies and organizations in my investing choices. We do not need any new regulations regarding limiting my ability to invest my money as I see fit.
You took my money for years and now you want to keep my money and not let me have a chance to recoup my loses ?