Jack Wong Comment On Regulatory Notice 22-08
I should be able to choose any public investments freely without any government regulation or intervention.
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I should be able to choose any public investments freely without any government regulation or intervention.
PLEASE do NOT do this!! WE DO NOT NEED ANY ADDITION "HELP".
I can do it myself, leave us alone!!!!
Regulating leveraged ETF's is a terrible idea. Leveraged ETF's are a important financial tool that retail investors can use to get returns like professional investors. Regulating them will hurt retail investors and restrict access to an important part of the stock market.
I oppose restrictions on my rights to invest in leveraged funds. Why are you proposing to limit my ability to assess risk and make choices and then only allow these options for the ultra wealthy? This is should not be done.
It is unjust and quite frankly insulting that these regulatory measures are being considered. How are Leveraged and Inverse ETFs any more complex than option trading? ETFs are public investments and it is my right/responsibility to deem if a leveraged or inverse ETF is the right investment for me, not regulators.
I have used leveraged and inverse funds to enhance the profitability of my portfolio and built an entire strategy surrounding their use successfully. The proposed regulations have the potential to harm my future investment goals. The current information provided surrounding these types of funds is more than sufficient for proper understanding of risks and my abilities to utilize these products should not be infringed.
I would like you to let me maintain my ability to choose the type of investments that I consider are best for my family's financial future. This includes my ability to invest in leveraged and inverse funds since I understand the trade details and inherent risks involved. Please do not take away my ability to freely and unhindered invest in such products. Leveraged and inverse fund investing has proved profitable to my portfolio and I hope to continue working with these strategies.
Regulators, Leveraged ETFs are important to my investment strategy and ability to tailor my investments to my risk tolerance. I use leveraged and invers ETFs for efficient hedging and speculation based on my analysis. Restricting free access to these instruments means infringing on my rights to manage my investments without outside intervention and will be an absolutely stupid policy that will distort the information embedded in free market prices.
I oppose any restriction on individual investors use of inverse or leveraged ETFs. I personally have used inverse and leveraged ETFs to protect myself during periods of market volatility as a means to limit my downside risk while keeping invested in the market. I except to lose a certain amount of money on these instruments in many instances but accept that cost because of the downsides of liquidating other positions within the market. Certainly, these instruments carry risk but any investment has risk. Removing this instrument will force me to engage in use of options and puts and calls.
I am a regular investor in TQQQ and I understand the risk and consequences. So please allow me to continue investing and don't ban it.