Zulan Pi Comment On Regulatory Notice 22-08
I oppose restrictions to my right to invest.
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I oppose restrictions to my right to invest.
After investing in the market over 30 years I understand the risk involved with different equities, mutual funds, leveraged ETF's, and ETN's. If I assume the risk, I should be able to make the choice not a regulator. Leveraged ETF's are critical to my investment strategy.
I see this as another pathetic attempt at making investing and trading inaccessible to the average retail broker. All investors no matter the size should be able to invest in whatever they like. I personally have lost thousands over the past year investing in leveraged ETFs. However, I accept the losses and take them as a learning experience. All traders should be responsible for knowing the risks before investing and shouldn't have to pass any special tests before investing in certain investments. It's not up to the government to control what someone wants to trade.
SEC's task is not to omit individual investors from their rightful ability to elect what risk levels they can accept through various investments.
Requesting to have continued access to trade leveraged as before. We all can read and know the risks associated with leveraged/hedged investments, without being held back.
While I understand the desire to protect investors, I dont think it is fair to treat all investors as if they are the same. Providing choices with adequate disclosures is better for both investors and professionals. Equal outcomes will never happen, as people behave differently, have different work ethics, and difference preferences and values.
I oppose restrictions to my right to invest.
As an investor I should be able to make my own investment decisions without any oversight from regulators. I educate myself before I make any financial decisions. Stay out of my financial well-being.
Dear FINRA, i do not have to go through any special process whit a test before I can investin public securities, suchs as leveraged and inverse funds. I am smart enough to understand what a leveraged and inverse funds is and should not be limited by any regulation imposed on me. I dont need regulations invented for people who think they are more capable than me, to decide on the risk I take investing in leveraged and inverse funds.
During my 40 plus years of trading and investing for both short and long term profits, I utilize both leveraged and inverse trading vehicles to balance my families portfolios in volatile markets. These are important vehicles which provide that investment strategy in balancing market action.