Heling Wang Comment On Regulatory Notice 22-08
Its my interests to decide my own investment portfolio including Leveraged and Inverse Funds etc. to reach my investment target, NOT limited by regulator.
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Its my interests to decide my own investment portfolio including Leveraged and Inverse Funds etc. to reach my investment target, NOT limited by regulator.
To Whom,
I am of moderate net worth (under $3M). I am retired and have been trading for decades. I started using leveraged ETFs long ago, and the ample warnings made me research the issues. I did, and I traded accordingly. Yes, risks are higher, but so too are the rewards, and the warnings that explain the risk that come along with these products are what is needed.
The proposed regulations are ludicrous. These same people can get set-up to trade futures! Many of the leveraged ETFs are of much lower volatility.
I believe I should be able to trade in any form as anyone else. It is my responsibility to be in control of my own assets, whether that be good or bad for my financial health - it is still my responsibility.
You have no right to make laws restricting investments.
The investment domain needs to be played on a level playing field. I need to be able to choose the investments I believe will work best for me and my current financial situation. I do not want to go through any special process to be able to choose my investment allocations. The financial markets in the USA need to remain open to all Americans, not just the elites. Regulating these funds would be an imposition upon freedom.
I strongly oppose restricting trading. Everyone has the right to pursuit of happiness per the law. Public investments are public and not private/for privileged/rich that can be assessed with a simple test that some people design who themselves may fail when assessed by people with different mindset. Similar to an education degree does not guarantee that they will become Einstein's or necessary that they can do a job correctly. Market behavior is always risky and not a science that can be made into a mock test. No risk no reward.
Regulators shouldnt be able to choose the public investments I decide to get into. I am capable of understanding the risks relates to leveraged funds and the strategies I use are important for me.
I oppose restrictions on investing in leveraged and inverse funds. I am aware of the risks, which are freely sent to me, and do not wish the government to intervene to keep individuals from investing as they see fit.
Leave our choices alone.
I hope this letter finds you well! Thank you for taking the time to consider retail investor's side of the disturbing issue that has recently been brought to my attention.