Darwin Ngo Comment On Regulatory Notice 22-08
I want to continue to buy 3x leverage. I don't want any new regulations which can crash my tqqq.
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I want to continue to buy 3x leverage. I don't want any new regulations which can crash my tqqq.
Leveraged funds are important to my overall investing strategy. I understand the risks of investing in them and use them as part of a broader portfolio of investments to enhance my returns. In my opinion, leveraged etfs provide a MUCH safer alternative to many other common methods of increasing returns such as margin, options and investing in penny stocks. It would be unfair and unjust for regulators to limit the ability of beginner and less wealthy investors from accessing the safest form of leverage in these funds.
I not regulators 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. Ishouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks.
I don't think that regulators should be allowed to override my investment decisions. I use leveraged bonds in some of my mutual funds.
On behalf of our family and relatives we would like to state that leveraged and inverse funds are very important part of our investment portfolio. In particular we use leveraged inverse funds as Hedge against long positions in hi-tech Nasdaq stocks. By prohibiting or overly regulating Leveraged Inverse funds, or creating other barriers, you as regulator will take away our ability to protect our portfolio and mitigate risk exposure effectively. Thus prohibit us form investing all together.
At the ripe old age of 53 and over 20 years of public investing, it is awfully paternalistic of a USA regulatory body such as FINRA to now strip away my right to certain important investment strategies and securities such as leveraged and inverse funds. Are only the big fish and/or insiders on Wall Street and government officials allowed to hedge/enhance their portfolio with such vehicles??? Are you also considering shutting down gambling in Las Vegas for the "average Joe"?...I highly doubt it!
I have been investing for a number of years and feel i am the one that should make these decisions. When you take these types of things away you are interfering with the free market and it never runs the same. Over the years i have noticed that your regulations make things more difficult and just end up costing the investor more headache and money.
To Whom It May Concern: I am an accredited investor and I know what I am buying for. Leveraged funds should be easily accessible to the public. These leveraged funds are normally 2X or 3X the regular funds. If FINRA were to block leveraged funds, they should tackle blocking currency trading first. The leverage used in trading currencies are as high as 200X! Thank you for your consideration. Regards, Kuo-Chu Lee
I understand the risk of leveraged ETF/products and use them carefully. They help me get bigger returns with less capital. I should be able to choose what I invest in without having to pass tests.
Please do not limit retail investors' ability to choose their own fund allocations, no matter the "complexity." I urge you to reconsider these restrictions. Most investors, including myself, understand the products we're investing in. Please do not let a small minority of gamblers change the way the rest of us can invest.