Ben Sun Comment On Regulatory Notice 22-08
I am understanding the risk and done with conservative approach.
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I am understanding the risk and done with conservative approach.
I'm responsible for my own investment decisions. I don't need any help from the government. Please stay out of my business.
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.
I shouldn't have to go through any special process
like passing a test before you can invest in public securities, like leveraged and inverse funds. I am
capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed.
This is business in America. If you regulate trading in inverse and leveraged investment vehicles, you also need to regulate the buying of all stocks. Especially in times of bubbles which has been created by our monetary decision makers! Business does NOT only increase in value, it also goes down and if I wish, I believe a person should also be able to profit from poorly run businesses and also from bad decision making by the Fed and by our legislature!
I definitely oppose the restrictions to my right to invest within security exchange commission limits.
I am capable of understanding leveraged and inverse funds
and their risks. I do not need these measures imposed on me!
I have used leveraged and inverse ETFs regularly and profitably during the market correction of the last 6 months. If not for the profit that I have made by using these ETFs as a very effective hedging tool, the value of my stock portfolio would have plummeted by more than 30%. But with the use of these leveraged and/or inverse ETSs as hedges, the overall value of my portfolio has gone up, not down in the last 6 months. The government has already taken away more than enough of my privacies and freedoms.
Public investments should be available to all of the public, not just the privileged.
Do not limit my ability to invest in leveraged funds. They are an important tool I use to manage my investment risk.