Seokho Park 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.
I use the ProShares Ultra Short S&P 500 (2X) as an efficient hedging vehicle vs. long positions in U.S. stocks and stock funds for my personal accounts. I do it in a limited, judicious way and it affords me a smoothing mechanism to offset deep downturns in the broad market, of which we've had several in the last 4-5 years, allowing me to compound a higher level of principal in bull markets. I don't see why these need to be regulated; I know precisely why, when and how to use them. Are you going to protect my principal in a down market?
As an individual investor, I understand the risk of investing in leveraged and inverse funds. As long as such investment suits my purpose, I have the right to choose the funds I want. It would be unfair if such investment is available to just the privileged and I have to go through any additional processes to invest in such securities. Therefore, I oppose the regulations being considered by the Financial Industry Regulatory Authority.
Please do not pass regulation limiting my trading in ProShares funds in leveraged and inverse funds. Thank you
LEVERAGED AND INVERSE INVESTMENTS SUCH AS SDS ANS TBT HAVE BEEN IMPORTANT TO MY PORTFOLIO. IT SHOULD BE UP TO ME WHAT IS GOOD FOR ME AND WHAT ISN'T. THIS PROPOSED REGULATION IS HARMING THE LITTLE GUY.
My name is YuMing To. I am writing to oppose limitations on my investments. I am a knowledgeable investor who actively manage my investment portfolio prudently. I assess risk carefully and do the investment based on my risk tolerance. I should have the freedom to choose the public investments that are right for me and my family in order to achieve long-term financial security. Leveraged and inverse funds (L & I funds) are very important to me as they allow me to protect my investments or seek enhanced returns.
I use this in a limited portion of my portfolio but it's still significant enough that any regulation done by FINRA will negatively affect my returns in the future. It will put me in an unrecoverable situation. There are strategies such as risk-parity allocation in order to achieve better risk-adjusted returns. For this reason alone, we should have access to these funds. We do not need more regulation for the retail investor and instead should be able to make our own decisions what we want to invest in.
If this needs to be regulated, please do. There too much fraud and fast cats getting rich preying on unknowing investors already. Do what you know is right.
I NEED leveraged and inverse funds
I not regulators should be able to choose the public
investments that are right for me and my family.
Public investments should be available to all of the public,
not just the privileged.
Leverage funds help me meet my financial goals.