Hello, 1. I am poor because: 2. 2 of my kids graduated from Cornell with their masters. 3. My wife has spent the 1st 35 yrs of our marriage with a single digit credit score. Also: 4. My undergraduate is Finance, Masters in Atg, retired CPA 5. I was Investment Manager for with Osceola County. Portfolio size +- $100 million. Beat the state pool 8 of 10 yrs. Summary: I know my situation way better
To Whom it Concerns,
I highly disagree with this proposed regulation and feel confident in my understanding of these instruments. They are behaving as I expected and I understand the risks involved. Please allow me to invest in what I would like to invest in.
Your threats to regulate and restrict my investment options is an insult to my intelligence and yet another slap in the face to the American value system and spirit of free enterprise and capitalism that has BUILT this country!!! I hedge to protect my investments and returns from volatility by using many of the products you are attempting to restrict...by doing so you will only succeed in
I think the extra checkbox necessary on Fidelity is sufficient for leveraged/inverse fund investments. If reading and agreeing to their disclaimer is insufficient to prevent "stupid", no amount of reading will be.
I dont think regulators should restrict what I choose to invest in. I can make these decisions on my own.
I oppose limitations being put on my investment choices
I would just like to add to the regulators that if I'd known how many trillions of dollars the Fed was pumping into the stock market in 2009, 2010, 2011, etc., there is no way I would have been short 3x's if it was public. It was not public and that's a betrayal of the public trust. You are at fault for not making that corporate welfare policy public. You should be prosecuted for
I believe FINRAs scheme is misguided because it:
Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary
and vague that it could ensnare a vast number of commonly used public securities and affects my ability to freely
I do not agree with what finra is doing
This should not be in discussion, it is my money invested how I chose
