KY Lu Comment On Regulatory Notice 22-08
I am capable of understanding leveraged and inverse funds and their risks. It is not necessary to have measures imposed on me. I believe this is the same for other investors.
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I am capable of understanding leveraged and inverse funds and their risks. It is not necessary to have measures imposed on me. I believe this is the same for other investors.
I think I should have the right to select my investment in public securities. They should be available to everyone,not just the elite. Im quite capable of understanding the risks involved and use these instruments in my investment strategies. In fact Ive made a nice profit using leveraged and inverse funds and ETFs. They have also allowed me to hedge my investments and saved me money. They are less complicated than using Put options.
More choices are better than less choices.
China has restriction. If you want more restrictions, move to china
Just regulation should protect those who cannot protect themselves from bad economics actors. This regulation proposes to protect people from themselves, which does not sound like a free country to me. The risks and rewards of leveraged and inverse funds are clear and obvious with some simple math. One does not need to be sophisticated. Leave the people alone.
I want to make my choose of public investments and those investments should be available to all and not just the privileged. There shouldn't be any test before investing in public securities which include leveraged and inverse funds. I am full capable of understand all the risks when I invest in leverage and inverse funds and I do not need measure to be imposed on me.
We should all be able to invest, without prohibitive regulations.
Let me ask you, who gives you the authority to determine if any investments are too complex for me? You're supposed to protect me from unscrupulous brokers. So now you're protecting me from myself? I am an individual investor.
So now I'm too stupid to not educate myself on investing? I need you to make me:
1. Pass a regulator-imposed test of your specialized investment knowledge
2. Demonstrate a high net worth
Why do I need to prove this? If I'm investing in $500 in an inverse fund, why do I need a high net worth?
Why should regulators control how I choose to invest on the public market? Should I not have the right to invest in leveraged funds? It should my choice to invest a small percentage of my portfolio in a leveraged fund without special training or being a professional investor! All equities have some measure of risk, so why should I not have the right to diversify to the point to include a hedge fund?
I hope this freedom will not be taken away from me!
I oppose restrictions on my rights to invest in public investments.
I believe I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
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 and closed end funds. I am capable of understanding these securities and their risks. These measures are unnecessary.