Skip to main content

Yanlin Qin Comment On Regulatory Notice 22-08

I oppose the restrictions to my right to invest! Im the one but not regulators should be able to choose the public investments that are right for me. Public investments should be available to all of the public, not just the privileged. I know what Im doing and Im the one who takes all the risks. So I dont think I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I understand leveraged and inverse funds and their risks. and I do not need these measures imposed on me.

Robert Kochis Comment On Regulatory Notice 22-08

As a non-professional retail investor, I strongly oppose the restriction of availability of leveraged and inverse ETFs and other investment vehicles. The risks of trading such securities are already made very clear and are displayed on the order confirmation screen of single buy/sell order, at every major brokerage firm that sells these products. The reach of regulation should end there- with a warning label- just as it does in the tobacco industry.

Vaikuntanath Samudrala Comment On Regulatory Notice 22-08

I likely would fit all the criteria (VHNW, etc.) which I sort of sign off on for options trading at Fidelity yet I oppose this action. There are better ways to achieve investor protection without making them jump through hoops which in practice just turn out to be theatre.

I agree with extensive warning and labels to ward off uneducated investors. But regulator imposed tests, etc. are just another way for test makers to make money and an added cost of doing business with leveraged ETFs.

Craig Gardner Comment On Regulatory Notice 22-08

I have invested on my own for for 36 years, doing my own due diligence, reading, and using my informed judgement. People make all types of financial decisions such as career choices, where or whether to purchase a home, what type of healthcare they access, the foods they consume, where they travel, etc.- the list could go on for pages. Any mature adult of sound mind can make financial decisions of varying complexity without testing for this. Do you take a medical literacy test before seeing a physician, an aeronautical engineering test before taking a flight?