Wilson Tang Comment On Regulatory Notice 22-08
I oppose any restrictions
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I oppose any restrictions
Do not restrict my choice of investmet of the leveraged and inverse funds! These funds are extremely important to my invest strategy! These restrictions are just not fair to an ordinary investor like me!
These products have helped me pull in my retirement horizon by MORE THAN A DECADE! In fact, I have further built an entire business based on utilizing LEFT's and Inverse Funds, with the intention of this being a MAIN income stream at some point. I would be financially devastated if there were restrictions imposed - such as a proposed "cooling off" period. The products are not complex and the risks are not "hidden" in any way. I would argue these products are more transparent and clear to understand than traditional Mutual Funds - as often those are merely Funds of Funds.
Keep your hands off the tools we use to invest ARE MONEY!
I understand that the FINRA is proposing a rule that would affect how I invest in securities. I opposed to any rules that would limit what I invest in. It's none of their business. Today we are experiencing increasing interventions of regulators in our daily lives and I'm extremely opposed to any interventions or rules about how I live my daily life!
Dear Regulators,
To an ordinary investor like myself, one of the biggest advantages in investing this market is the freedom to invest whatever I see as opportunities, and versatility of products I can choose from to realize my investment strategy despite my budget and net worth. I personally believe restrictions you are planning to enforce on ordinary investors will greatly damage this freedom, and making US market much less attractive. If you truly believe freedom, you would know what is the right thing to do.
I oppose this
This letter is to oppose each and every one of the extensive restrictions being contemplated in Regulatory Notice 22-08. The proposed rule should be revoked. It is the latest open attack on the common man’s access to the new class of leveraged products, and in so doing, it is illegal.
My experience with Leverage funds has only been positive. It's the only investment vehicle out there that you can buy a sector and make a substantial gain. Mutual funds can't do that. I am fully capable of understanding the risks. We need less regulations and more freedoms on how to invest our money. Thank you for listening.
Leveraged ETF/ETNs pose risks that some retail investors do not understand. As such, broker-dealers should conduct due diligence before allowing customers to purchase Leveraged ETFs. However, such due diligence should be similar to that of mid-level options trading authority.