Stop the intrusion! I hold the responsibility of my familys
Investments and should not be limited to avenues set by
you the regulators. The citizenry must have the same freedoms to chose as large fiduciaries. Litmus test are not necessary.
You have no reason and no rights to make someone submit a test to invest in companies. Along with that, ask someone to show their networth and be worth over a certain amount. This is a capatalist country. Lets keep it that way!
Knowledge tests are okay (not ideal), but restricting by net worth and imposing cooling off periods are really, really bad ideas. These regulations would put retail traders at even more of an extreme disadvantage.
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) today announced a settlement with Morgan Stanley & Co. to resolve charges that the firm's former affiliate, Morgan Stanley DW, Inc. (MSDW), failed on numerous occasions to provide emails to claimants in arbitration proceedings as well as to regulators - while representing that the destruction of the firm's
I oppose restrictions to my right to invest in leveraged funds. I should have the right to invest in public investments, and shouldn't have to take some special test or get some special permission to invest.
There is no test you can make to determine if a person is wise enough to invest. Besides, the govt has no legitimate interest in stopping someone from making a bad investment, whether they can afford the loss or not.
I definitely oppose you putting restrictions on what I want to invest in. No regulator can insist I pass some test to prove I can buy BITO or any other investment I deem appropriate for me.
I oppose regulations that limit small investors ability to invest in leveraged and inverse funds. This is a basic principle of fairness. Should these vehicles only be available to high net worth individuals? There is enough special privilege already in the system that rigs the system against individual investors. This rule amounts to further theft.
Free Market??????????????????? Why wouldn't you bet an inverse fund when you see a bubble. Why do I need to take a test to see a bubble through zero interest rates for 4 years?
To Whom It May Concern,
The regulations proposed interfere with my right to invest. I oppose restrictions on your right to invest in public investments.
There should be no special process, test, or financial status associated with public investments.
