Dear Congress,
Please stop Gary Gensler's reign of regulation by enforcement. Chair Gensler is supposed to protect the retail investor by enforcing clear guidance in the markets, not manifest guidelines so that it makes it impossible for all Americans unable to have a fighting chance in today's economy.
KYC is in effect and ANY more scrutiny towards the Crypto Exchanges will
Please leave inverse and leveraged long funds alone as these provide strong flexibility and conservative positioning for retirement and other investable funds for me and my family. Some of the futures-based funds and 5/1 leveraged funds are of course high risk so some scrutiny there is fine or go after and scrutinize options markets and crypto markets but comparatively speaking, 1/1 and 2/1
Please leave inverse and leveraged long funds alone as these provide strong flexibility and conservative positioning for retirement and other investable funds for me and my family. Some of the futures-based funds and 5/1 leveraged funds are of course high risk so some scrutiny there is fine or go after and scrutinize options markets and crypto markets but comparatively speaking, 1/1 and 2/1 funds
Please leave inverse and leveraged long funds alone as these provide strong flexibility and conservative positioning for retirement and other investable funds for me and my family. Some of the futures-based funds and 5/1 leveraged funds are of course high risk so some scrutiny there is fine or go after and scrutinize options markets and crypto markets but comparatively speaking, 1/1 and 2/1
The term "complex products" is undefined and can be arbitrarily applied. I prefer to make my own investment decisions. I do not need anyone to tell me what is too complex. There are investment products on the market that do avoid because I consider them too complex or too risky. Certain option products and crypto currencies are things I avoid by choice. I do not need nor
I disagree with restricting my free and equitable access to leveraged and inverse funds.
Trying to limit the access of investors to leveraged and inverse funds will further put the individual investor at disadvantage against big institutions.
These funds have been there for years and are part of many investor's strategies (e.g. hedging risk).
Another point to consider is that restricting
Comments:Not entirely sure what motivation is being sold here, but it's quite obvious to me this will lead to further exploitation of the portion of the investing population without the means to clear the substantial hurdles being erected.
Without equal access to hedging and investing tools available to others, one can expect illicit shortcuts, scams, crypto, NFTs and illegal investment
The increasing restrictions on regular individuals is impeding entrepreneurship and small businesses in this country and favoring big corporations, whales, and ultra rich. Limiting the tools for the average person isn't helpful. This isn't only evident in this proposition but also in your limitations on crypto companies like FTX etc... I suggest you place a warning in clear and big and
Keep your hands off of our crypto wallets! We refrain from the need to regulate how we invest our own money. Mind your business and manage your own home funds how you please and we will continue to do the same, without any of you meddling in our family affairs. We have and deserve to continue to have the right to FREELY manage the growth and expansion of OUR WEALTH just as we please. So retract
I oppose the proposed restrictions on leveraged and inverse funds. I am already an accredited investor and my use of leveraged funds make up only a tiny portion of my net worth. I understand the risks and see no reason to restrict access to these and other products. They are already inherently less risky than other readily available products like options, crypto, certain poorly run private
