Jiaolong Wang Comment On Regulatory Notice 22-08
Comments:Leveraged and inverse ETFs are very helpful to hedge my position, especially in this wild market without obvious direction.
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Comments:Leveraged and inverse ETFs are very helpful to hedge my position, especially in this wild market without obvious direction.
I am responsible for my own trades and should not be limited by other parties.
Investing comes with risk. Investors, and not the government, are responsible for understanding and managing that risk.
Proposed limits on access to leveraged and inverse funds have no place in a public market. Individual investors are the appropriate judges of these investments' suitability for their particular investment plans. Plenty of sound advice is available for newbies, if needed, at a reasonable cost. The US regulatory regime is already outrageous, handicapping US citizens compared to nationals of other Western nations. Many foreign institutions refuse to deal with us at all, because of the reporting burden you place on them.
It is horrible that regulators are trying to stop me from using leveraged etfs. Stop! I have a right to invest in leveraged etfs.
Let every investor decide their risk tolerance and allow for the general public to invest in leveraged funds.
I oppose restrictions on my right to invest in public investments. I strongly believe public investments should be available to all investors .
To price Americans out of investing instruments or to impose any measures that keep retail investors from accessing investment instruments is just about as un-American as it gets. Many investors, myself included, find leveraged and inverse ETFs as unique opportunities to obtain margin without needing a margin-enabled account or without taking on direct debt to invest in the stock market.
The FINRA is a private group working FOR the government and should not have this oversight. Anyways. I should be allowed to invest in leveraged products (inverse or otherwise) and explode my own account if I want to. There's nobody to blame but my self if I make a stupid [REDACTED] investment and get nuked.
I have been investing for quite some time and several years ago started looking into leveraged/inverse funds. I feel it is a better way to diversify my portfolio. Putting regulations on investing in them would only hurt people who use them in a way to do just that. I wish I would have learned about them much earlier in my life. I do not feel regulators should limit the right to invest in these types of investments based on demonstrating high net worth. Investments should be available to all and not just the super rich.