I am writing to oppose restrictions to my right to invest in certain securities. These products can be very risky, and all investing has inherent risk, it depends on the person's financial situation and risk appetite. These restrictions are not representative of a free market, capitalism, or America itself. Keeping these complex products around allows investors to understand more pieces to the puzzle of the market, and use their risk to their advantage. This is without doubt another example of taking away financial instruments from the average citizen, while keeping them around for market makers, hedge funds, banks, politicians, etc, to use at their own discretion. Politicians and those in government are undoubtedly abusing the market with insider trading (Fed Vice Chair Clarida, for instance) yet your focus is to restrict the financial freedoms of all American citizens? Shame. And you wonder why there is such distrust from the American public.
David Smith Comment On Regulatory Notice 22-08
I am writing to oppose restrictions to my right to invest in certain securities. These products can be very risky, and all investing has inherent risk, it depends on the person's financial situation and risk appetite. These restrictions are not representative of a free market, capitalism, or America itself. Keeping these complex products around allows investors to understand more pieces to the puzzle of the market, and use their risk to their advantage. This is without doubt another example of taking away financial instruments from the average citizen, while keeping them around for market makers, hedge funds, banks, politicians, etc, to use at their own discretion. Politicians and those in government are undoubtedly abusing the market with insider trading (Fed Vice Chair Clarida, for instance) yet your focus is to restrict the financial freedoms of all American citizens? Shame. And you wonder why there is such distrust from the American public.