Steven Atcheson Comment On Regulatory Notice 22-08
Steven Atcheson
N/A
I consider these proposed rules to be yet another abridgment of a citizen's right to do with his money what he chooses. I have half a century of experience in investing in stocks and bonds of all varieties. I learned how to do it the hard way, not by taking a test, but by self-study and experimenting with various instruments. I administered 2 employee pension plans as well as my own retirement funds, and retirement funds for my spouse and children. I have had some losses of course, but no net losses over any significant length of time. I have traded options for many years to hedge my basic portfolio holdings, and have traded leveraged and inverse funds starting in 2016. I prefer leveraged and inverse ETF's because of their liquidity and the fact that they do not expire.
Even more important, I believe that my brokerage has a far greater ability to evaluate my investment acumen and exposure than can a government agency via some sort of written examination. I urge you to abandon this effort and allow the brokerage to continue all necessary oversight in order to allow the investor all appropriate freedoms.
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Steven Atcheson Comment On Regulatory Notice 22-08
I consider these proposed rules to be yet another abridgment of a citizen's right to do with his money what he chooses. I have half a century of experience in investing in stocks and bonds of all varieties. I learned how to do it the hard way, not by taking a test, but by self-study and experimenting with various instruments. I administered 2 employee pension plans as well as my own retirement funds, and retirement funds for my spouse and children. I have had some losses of course, but no net losses over any significant length of time. I have traded options for many years to hedge my basic portfolio holdings, and have traded leveraged and inverse funds starting in 2016. I prefer leveraged and inverse ETF's because of their liquidity and the fact that they do not expire.
Even more important, I believe that my brokerage has a far greater ability to evaluate my investment acumen and exposure than can a government agency via some sort of written examination. I urge you to abandon this effort and allow the brokerage to continue all necessary oversight in order to allow the investor all appropriate freedoms.