Mike Liang Comment On Regulatory Notice 22-08
Stop the Radical Left Progressive [REDACTED].
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Stop the Radical Left Progressive [REDACTED].
The fact that this proposed rule is even being considered is chilling. The USA has always lead the world by being the epitome of free market capitalism. Its a travesty that this anti-patriotic, anti-capitalist, authoritarian rule was even proposed. What a crying shame.
Decisions about investments should be mine, not regulators. Investing in publicly traded funds should be something that everyone has equal access.
Dear FINRA officers: I am a small individual stock/ETF investor, and I would like to share my opinion with you about the opportunities to trade ETFs, including those leverage and inverse funds such as my favorites: TQQQ and SQQQ, etc. Both of my funds and experiences are limited, but I still benefited from trading ETFs in the market. I understand the risks it may involve in trading, and I don't see anything particularly different between, say, QQQ vs. TQQQ/SQQQ. They all involve some risks, and I know I must be responsible for the resulting risk.
Leveraged ETFs especially on broad indices such as SP500/NDX100/US-Treasury are much better way to adjust risk reward tradeoff.
1. Such ETFs are LESS RISKY compared to Call/Put Options in which investors usually loose money due to time decays.
2. Such ETFs are also a much cheaper way to achieve leverage instead of margin accounts/interest.
3. Leveraged ETFs are much more efficient than Call/Put options which have much wider bid/ask spreads
Please consider my voice not to restrict and prevent trading the Leveraged ETFs for individual investor like me. This is totally unfair and heavy impact for me. Please do not apply any restriction or prvention.
Please do not limit my ability to trade leveraged securities. I have sufficient knowledge to understand these instruments and make my own decisions. Despite the fact the the market fell significantly this year, I still believe that these instruments can provide very attractive return.
STOP trying to limit the average person from making investments !!!!!!!!
I oppose the regulations being considered by the Financial Industry Regulatory Authority. I have the right to choose which public investments I want to invest in. This should not be taken away to benefit only those with high net worth or a privileged few. I do not believe any process needs to be implemented in order to invest in leveraged and inverse funds. I already use them as important investment strategies to hedge other stock holdings and to realize better returns.
I oppose the regulations. We are Free to trade in US.