Chenping Yang 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 have the right to invest in different stock options. Way does it make it right for the wealth to be able to buy different stocks. When middle class person has just as much right as anyone else.
Leveraged and inverse funds are needed for proper price discovery and liquidity. These products can be used to hedge a larger portfolio and thus reduce volatility not increase it. The much lower daily volume of leveraged funds compared to the volume of the base product clearly shows that these products are being used at a much, much lower volume and by many, many fewer traders. There is a reason for this. Traders of these products are professionals and must be allowed to continue to have these products available.
Don't tamper with share holder ability to by inverse stocks.
I do not wish for regulators to be able to chose the public investments that are right for me and my family. Such public investments should be available to all of the public not just the privileged.
I strongly object to having to use any special processes such as passing a test before being able to invest in public securities such as leveraged and inverse funds. Am fully capable of understanding leveraged and inverse funds and their related risks. I DONOT WANT SUCH MEASURES IMPOSED ON MY FREEDOM TO SELECT MY INVESTMENT METHODS!
Stop working just for the wealthy. Stop being Biased to the rich.
I certainly do not appreciate your attempt to restrict the public investments. If I choose to GIVE my money away, that is my choice, not yours. My inverse fund investing has helped hedge my losses in this most recent downturn, so why limit it? All investments carry risks and those risks are in your face, so to speak, when you make the investments. This is akin to free speech and should in no way be restricted!
All equity investments have risk. Leveraged investments are no different. It has more volatility than others that doesn't make it any more or less riskier than other equity investments over the long term.
Hence I recommend it should not be subject to further stringent regulation than other equity investment vehicles
I strongly oppose limitations on my ability to buy leveraged, inverse or any other security your trying to restrict.
Comments: Hello: I have used leveraged ETFs in my account for many years. It is a small portion of my total investment account. It has been by far the most profitable area for me for many years. Please do not regulate and add new rules forthe use of leveraged ETFS. Thank you. Chris Vig