Wei-Fen Chen Comment On Regulatory Notice 22-08
Not fair for the limitation.
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Not fair for the limitation.
Leveraged and inverse funds are an important tool for me in achieving my investment goals. For an individual, self directed investor such as myself, they are one of the few tools available to protect my portfolio in bear or volatile markets.
I have used them successfully recently to stabilize my portfolio.
I beg you to keep the complex products, leveraged ETFs, options on the table for us retail investors. As a retail investor that has had to suffer through the 1999, 2008, and 2020 crashes, I cannot make up ground to retirement without more complex financial instruments. If I don't have ways to access options and ETFs in my IRA I am not going to take a big financial hit long term.
The Big Banks & Wall Street firms have the ability to make money when the market goes up or down. The average person should be able to do the same thing, whether with options or with leveraged or inverse funds.
To whom it may concern,
I oppose restrictions to my right to invest, and I should be able to chose the public investments that are right for me. I shouldn't have to go through any special process before I can invest in a public security.
Individual investors like me are capable of understanding cryptocurrency funds such as BITO and their risks. Please do not need pass restrictive measures on retail investors. thanks
Individuals have a right to invest their money where and how they see fit. I do not have an issue with brokers issuing notices and warnings to investors before they invest in risky securities. However many of us have done their due diligence when it comes to research and risk analysis. The role of regulators in this particular case should be to INFORM, not restrict.
It is very important to me that I am able to invest my money how I see fit. I am able to do my own research and believe I should not be restricted because I am not as professional investor.
I didn't go to war for the US Army to have regulators here tell me I am assuming more risk than I am trained to take with MY money.
Please do not restrict access to my investment funds. We investors are made fully aware of the risks associated with different investments, but these different levels of risk are needed for a diverse portfolio.