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.
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.