Ui Kim Comment On Regulatory Notice 22-08
Investors should be able to choose what to invest not by regulators.
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Investors should be able to choose what to invest not by regulators.
To Whom It May Concern,
Leveraged funds provide the opportunity for growth with limited downside for investors. While more volatile, the risk/return ratio for a triple leveraged S&P fund would be close to the same as a regular index fund. There is risk in any investment. With leveraged etfs, your investment is more diversified than investing in individual securities. Please keep the free market free! As long as there is no fraud and no one is being preyed upon, you should be able to make investment choices on your own.
It poses a severe threat towards market fairness. It's like locking people in home because of Flu, but except the rich people. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged or inverse funds are. Also, the liquidity will be severely affected if passed.
Let all investors be able to freely invest in fund they choose without buying restrictions or any extra steps
Please don't limit my ability to invest in leveraged funds. I have use them for many years and think they are useful investment tools. These tools should not be limited to an elite few. James Elliott [REDACTED]
Do not support this whatsoever
I should have the right to invest my money where I so choose, and that should not be decided by an outside party. We all have access to the knowledge we need and can make informed decisions about what we want to invest in. Please do not take that away from us. We are informed.
I will not vote for anyone that supports this. Free markets means the ability to trade those markets BOTH ways. This is nothing more than a plot to limit downside in markets. It's not fair, it's not free market, and it's not going to get my vote nor will anyone that supports this nonsense get my vote.
As a long time investor the idea that I can not understand the risks of complex and leveraged funds is ridiculous. I regularly use these type assets to hedge against things like the current rise in interest rates and do not require the government to hold my hand while I use them. The market is not a FDIC insured bank account and investors are regularly informed that they can lose money and if they are using leveraged funds that they can lose it in a hurry. Current broker disclosures when beginning purchase of these types of assets is sufficient.
I reject FINRA Regulatory Notice #22-08. It should allow everyone investing any stock or mutual funds in public.