Hongyan Chen Comment On Regulatory Notice 22-08
I have used leveraged ETF and inverse funds to hedge my trading account. These ETFs are important for me to achieve my investment goals.
Thank you so much for your consideration!
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I have used leveraged ETF and inverse funds to hedge my trading account. These ETFs are important for me to achieve my investment goals.
Thank you so much for your consideration!
I'm 10-15 years from retirement as a senior business systems analyst for over 25 years, with an M.B.A. and B.S. Psychology (thus, understand stats, metrics, patterns, cause & effect), who's spent the past 5 years studying financial markets and investing research, primarily so that I can retire sooner or better, but also to better understand economics, markets and business. Please don't interfere with my ability to trade leveraged ETFs.
Please do not restrict my ability to invest.
I am not a child, and I do not need FINRA to tell me where and how to invest. You do not have constitutional authority for your proposed regulations, and I am completely opposed to your attempt to make investment decisions for me. If I choose to hedge using inverse leveraged funds, that is my business, not yours.
I oppose the intentions of this even happening. Thanks for bringing this to my attention.
I object to this proposal. If I lived in Russia, or in some other communist or socialist country, I would expect this kind of government interference in my ability to make decisions about my investments. However, I am a citizen of the United States and I object to this unwarranted intrusion by the government attempting to restrict my investment decisions. What next? Is the government going to tell me that I can only invest in companies or industries that meet the government's political or social criteria?
We, as individual investors, have the freedom to invest our own money how we want.
I dont follow the logic on this proposition. People are allowed to yolo their life savings into penny stock options but a leveraged form of a much more diversified investment is being banned? It doesnt make sense to me. This seems performative and not addressing any specific issue we see causing problems.
Please do not restrict my investing.
Please, please do NOT impose the proposed new FINRA regulations. As an active investor I am practically regulated out of the marketplace, and am still suffering the damage caused by the Dodd-Frank Act. The last thing we private citizens need is more government interference in our lives, which invariable harms rather than helps. The amount of trouble and stress for regular people like me that would be caused by this measure far outweighs any perceived "protection". This is a bad idea which is simply not necessary.