Ming Huang Comment On Regulatory Notice 22-08
I like to make my own choice of investing right. Thanks
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I like to make my own choice of investing right. Thanks
Please leave the leveraged and inverse funds as they are. I am presently retired and they are an important part of my investment strategy. If they were no longer available to me it would cause great financial harm to me and my family.
Thanks
To the regulatory committee members of FINRA trying to restrict investors: I am writing you to tell you I highly oppose, as well as being highly offended, that you are planning to regulate personal investing in complex stocks. That is a bold, radical, and unprecedented action that invades my personal freedom to CHOOSE what I do with my money, which I earn. I should be able to let MY MONEY work for me in any legal matter of my choosing.
So many years I trade pro shares and pro funds.
I believe that everyone should have the option to trade whatever they desire on the market as long as they understand the risk toward the investment. Simply taking away the options to trade leverage stocks would be too much intervention from the central government. I believe restricting what stock or fund the common people are allowed to trade would violate the idea of a free market. It is important to notify the traders about the possible risks and loss of the trade, but open trade on leverage etf and other fund should still be allowed for individual investors.
I am deeply disturbed by the proposed regulation limiting access to leveraged and inverse ETFs (which are publicly-traded securities) to those with high net worth who pass a specialized regulatory exam and then jump through a series of administrative and timing-related hoops.
I would like the right to invest in my best interest - I am a small investor that can only invest small amount of money each week and I find that these inverse funds works perfectly. I don't find them to be anymore volatile than most tech stocks trading on the NASDAQ. I am not a day trader - I buy these inverse funds to hold depending on what I believe the economy will do. I have been doing this for years I know how they work.
As an investor I should have every right to invest in any equity or security of my choosing, free of any restrictions. Requiring additional paperwork to prove a certain net worth or financial competency is discriminatory and imposes undue burdens on my personal liberties as a member of the free market. It is my risk alone to invest in products such as leveraged exchange-traded funds, and thus there should be no barriers to accessing those investments.
I would like the flexibility to buy. It should be left to individual investors to decide if they want to buy leveraged and/or inverse funds.
I use these funds to manage my risk and to achieve better returns. Please do not take away this.
Thanks.
I have the right to invest my money and take the risks associated with investment. I do not want or need additional regulations if FINRA deems I too am stupid . It is an insult to me and to others.