I was made aware that FINRA is seeking to put restrictions on L&I investments to "protect" investors. I'd like to offer up my experience as an example of why this is not needed. Details are below but I'd like to emphasize first:
I can make my own decisions about investments and do my own research. I don't need to prove to anyone that I
the beauty and strength of the free market is "free" investors should maintain their right to choose what they want to invest in and advisors should have the ability to offer those products to investors who want them. this isnt a "nanny state." the government/SEC doesnt know what is best for individuals. The SEC should police the investments. not decide which investments
I wish to state my strongest objection to what I perceive to be an overt attempt by power-hungry control freaks in the federal government relating to limiting access to investment opportunities in, among other vehicles, inverse and leveraged funds. This is nothing more than a solution in search of a problem, in my view, and is a dangerous step toward government control of the marketplace.
The
Please do not limit our ability to invest in what you deem as "complex products". Trust investors who do not require a big brother to permit them to invest in products outside of the overall stock market. Leverage and shorting or using inverse funds can offer superior returns or prevent a loss in a portfolio.
If you restrict investment in leveraged indexes, then you should not allow purchase and sale of calls and puts. The only reason this is once again in focus is the market are falling into a bear market and smart investors are not allowed to profit from inverse indexes. Go regulate fraud in the markets instead of doing this kind of restrictive crap.
Please don't restrict any of my investment rights. More regulation will only lead to higher cost and to less choices. Let the investors decide in what they want to invest and how much risk they want to take. Thank you.
I am offosing any kind of restriction by FINRA or strict guidelines on my decision where to invest.
Thank you for your consideration!!
I should be able to choose the public
investments that are right for my family.
Public investments should be available to all of the public,
not just the privileged.
I should be able to chose my own investments.
I have been investing for over 20 years- I should not need to pass an exam or get a special license.
Leveraged and inverse funds are an important part of my portfolio that allow me to protect my investments.
These proposed changes and restrictions is just another example of over reaching, excessive, controlling and evolving socialist government. Free markets, free countries, and free people thrive in a capitalistic system because it works if its allowed to.
