George Zhang Comment On Regulatory Notice 22-08
Please give individual investors choices and don't need measures imposed on us!!!!
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Please give individual investors choices and don't need measures imposed on us!!!!
I am writing to state that I 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 I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks.
Dear regulators, I shouldn't have to go through any special process
like passing a test before I 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 on me. Thanks! Shankang Qu
With almost 50 years investing in the market including in sp futures I am appalled that such restrictions on my trading leveraged or inverse funds in an insult to my intelligence.
Allow leveraged investment products.
I use leveraged and inverse funds to offset other trades I'm making all the time. Please do not take them away from all us people who are trying to make enough to retire without having to work well into our seventies. This should not be something you decide. It should be up to the Investor, not someone who has no idea what is best for someone else.
I purchased a leveraged and inverse fund to play the rise in interest rates. I looked at the alternatives, decided how much risk I was comfortable taking, and purchased a 2X fund which has done very well in a time of rising interest rates. While I may not be rich, I am educated and quite capable of making decisions. Banning these investments smacks of authority limiting my ability to make decisions. Let's not assume we are all dopes. My broker and ProShares warn me of the risks of leverage on a recurring basis. I'm a big boy.
I need access to the leveraged and inverse funds to make my self-management of portfolio competitive with institutional investors. Without access to these funds, you would essentially be making it unfair for me to compete with large houses on management of my portfolio. Little guy loses here.
Against. Unreasonable to take away. The govt does not know my finances or abilities better than I do. I must be able to choose how I invest.
If there are new restrictions on buying or selling such investments, that could be terribly punitive to current holders. We already saw huge unfairness when investors were restricted from buying GME last year. Let's not see that sort of mess again.