Ting Shen Comment On Regulatory Notice 22-08
No
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Comments: I believe investors and traders should have unrestricted access to all funds and investments products including leveraged and inverse funds.
I strongly oppose any regulation on trading leveraged and inverse funds. I use them extensively to build wealth and create an income stream which my wife and I live on. Like any investment vehicle, these carry certain risks. However, I am ok with the risks because I harness the added power they give my trading strategies. It is much easier to profit trading them than individual stocks. I have come to rely on their availability and liquidity to make consistent gains and income. Please leave them as is and freely available to those who choose to invest in them.
Dear FINRA,
To Whom it May Concern:
I am deeply troubled by the notion that the right of investors to access leveraged and/or inverse funds might be affected by new regulations. These funds are extremely important tools that help ordinary investors manage risk intelligently. Please do not make any changes - the current regulations are appropriate and correct.
I elect to keep my right to choose public investment of my choice inclusive of leveraged and inverse funds as they play significant part in my investment strategy. I do understand underlying risks assosiated with above mentioned investments.
It would be unfortunate if regular investors are not allowed to buy inverse funds. They have been an invaluable part of my portfolio that allow me to hedge against risks. I understand that leveraged and inverse funds are riskier investments, but they allow me to diversify my allocation and I limit my holdings to limit my exposure.
I disagree with the proposed rule in FINRA Regulatory Notice #22-08. 1. I should be able to invest in public securities as an individual investor, including leveraged and inverse funds without any barriers. 2. Brokerages can provide disclaimers, notices, and education to individuals however, these should not be a condition for investment or used as a barrier to entry. 3.
Investors should have access to the full spectrum of risk-reward vehicles and invest where they deem prudent. This is a personal matter and NO government should meddle in it. It is the the role of government to select winners or losers and this smells fishy, since trying to control markets is something that socialist and communist governments do, and which capitalist governments refrain from.
Leveraged and inverse funds have become an important part of my portfolio. And many other people that I know. No one I know has ever use them in appropriately. And ultimately, its our choice if we choose to be more aggressive or less aggressive in these tools. I do not believe we need the government telling us what we can or cant do investing our money over and beyond what they already do. I dont need your protection in this.