To Whom it May Concern:
I was recently made aware of the potential new regulations and requirements regarding investment options for individual investors looking to purchase public securities. This comment is intended to voice my opposition to yet more regulations and time-wasting, box checking, oversight for investors such as myself. If investors like me are knowledgeable enough to know what an inverse or leveraged ETF is, then we surely don't need a government agency holding our hand to say that "hey, you might lose your money investing in this so we are going to hold your hand and make sure you did your homework" as if we are all back in elementary school. Enough already, leave it alone. A fool and his money are soon parted, you can't stop that, so just focus on the sophisticated wrong-doers and leave the rest of us alone.
Daniel Ceilley Comment On Regulatory Notice 22-08
To Whom it May Concern:
I was recently made aware of the potential new regulations and requirements regarding investment options for individual investors looking to purchase public securities. This comment is intended to voice my opposition to yet more regulations and time-wasting, box checking, oversight for investors such as myself. If investors like me are knowledgeable enough to know what an inverse or leveraged ETF is, then we surely don't need a government agency holding our hand to say that "hey, you might lose your money investing in this so we are going to hold your hand and make sure you did your homework" as if we are all back in elementary school. Enough already, leave it alone. A fool and his money are soon parted, you can't stop that, so just focus on the sophisticated wrong-doers and leave the rest of us alone.