Xin Liu Comment On Regulatory Notice 22-08
Dear FINRA regulators,
I oppose restrictions to my right to invest, including the restriction to buy leveraged and inversed funds.
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Dear FINRA regulators,
I oppose restrictions to my right to invest, including the restriction to buy leveraged and inversed funds.
We should be allowed to invest in funds we like to invest. all regulator should make sure that funds disclose their investment practice clearly and funds are not doing any fraud or providing miss information to investor. regulators should not discriminate small investors but provide all exceptions to big investors assuming they are very well educated and risk aware.. infect big investors are on who are too big to fail and take excessive risk on financial market and then regulator jump on their side taking too big to fail.
I am not a regulator and want to be able to invest as needed without tests and other restrictions. Inverse funds are a needed tool to balance risks
I believe the safeguards in existence are sufficient. Please allow us to make our own decisions on which investments are right for us.
I feel this is yet again Wallstreet attacking us normal citizens from investing freely as we see fit. They should not be able to shut us down period, we live in a free country and it's my right to invest as I see fit, without being attacked by investing corporations who are mad that they are not getting a piece of my pie so to speak.
To whom it may concern:
I believe there are enough regulations concerning the purchasing of leveraged and inverse funds. There is no reason to make additional requirements for the purchase of these investment products.
Dear FINRA Members, As well as you may know, in Argentina we have serious limitations or restrictions to manage our own surplus money. And that's the reason why I thought your country was a bit different from ours, because you have the freedom (as in many other things) to invest in whatever you want to. Now, reading about all these "rules" "tests" , etc only brings me bad memories and sadness. I use leveraged and inverse funds because I seek enhanced returns from them, and I am aware about their risks. Having them or not in my portfolio I thought it was my decision, my right to do it.
Leveraged products are great tools, they are significantly less risky and less costly than trading on margin. Why take away leveraged and inverse ETFs but leave the ability to buy on margin or sell short?
Please don't try to fix something that isn't broken.
I should have the same rights and privileges as any other company or individual with regards to ALL stock market investment choices, including leveraged and inverse funds. First and foremost, the stock market is there for the public good, not the privileged few. I am fully capable of understanding the risks of investing and it is my responsibility to bear those risks. It is FINRA's responsibility to level the playing field so that the individual investor is neither penalized nor hindered from competing in a fair and open market.
As an investor of 40 years, I can attest to the usefulness and simplicity of use of inverse and leveraged funds. They have saved me thousands of dollars Please do not "fix what isn't broken". MP