Ling Hung Comment On Regulatory Notice 22-08
where is my freedom of investment.
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where is my freedom of investment.
We, not regulators should be able to choose what we invest in. No special process such as an exam should be required. We understand and trade at our own risk. No test can change that. Leveraged & inverse funds are needed in my portfolio. They require less cash and are not subject to earnings volatility or principle changes.
Regarding my right to invest in leveraged and inverse funds.........................I oppose any further restrictions and / or requirements regarding my right to invest in any products in which I choose to invest. I have invested in leveraged and inverse funds for over 20 years and I do not believe that these products need to be regulated any further. I understand the risks and I believe that most people who invest in these types of funds also understand the risks. In fact, inverse funds act as a good hedge for market corrections and bear market as an alternative to cash.
Thank You for your consideration of notice 22-08! While education of shareholders is an important role of Finra's to help protect investors, I feel it is equally important that this education doesn't cross the line into regulatory controls or restrictions of those investors. Thanks again for your consideration!
These products need to stay available for an overall portfolio and everyone should have access to these funds. They already disclose enough information for an investor to make a sound decision on the product and be aware of all the good and bad that comes with that product. There is no need to add additional regulations to these products especially requiring the investor to take a test. There are already strict stipulations in place to enter into these products and this will only suppress investors having the freedom to choose their investments based on their desires and choice.
I want to maintain my current freedom to invest in public securities of my choosing.
Please don't block or impose any regulations on my investment activity.
Thank you for considering.
Finra, don't limit leveraged ETF's. It's our money and these leveraged etf are great tools for market.
I support transparency and disclosure of information regarding various investments. However, I believe in an investor's right to choose and do not want to see restrictions on my ability to use leveraged and inverse funds. They can have legitimate uses in, for example, hedging against certain market events.
Please do not restrict the use and trading of existing leveraged exchange traded funds, and other sorts of "alternative" funds. These are parts of important investment strategies for individual investors like myself, that allow us to manage risk in our portfolios in more effective ways than conventional index funds. These products give individuals like myself access to strategies that are infeasible to small investors without using advisors or funds that charge very high fees.
The correct mechanism for correcting these issues is through risk disclosure, which is already done.
I am well aware of the risks and do not want additional obstacles in investing, with the end result of limiting access of financial products to the most privileged.