Rochelle Kirkwood Comment On Regulatory Notice 22-08
Dont restrict my right to trade
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Dont restrict my right to trade
In regards to limiting access to LEVERAGED AND INVERSE FUNDS:
1. It is already rife with warning all along the process.
2. I use this as an investing strategy and do not want this limited or SLOWED down. Their need sometimes appears and/or disappears rapidly.
3. I made my money without your help, I can lose it anyway I want to without your help.
Dear Regulators,
As an individual investor fully exposed to the business cycle through full-time employment, it is essential for me to manage my overall risk exposure via investments.
Plain-vanilla long-only equity and fixed-income ETFs and mutual funds have a high correlation to economic outcomes and labor markets; for example, nearly all of them crashed during the March 2020 bear market, at precisely the same time that many lost their income due to pandemic restrictions, and in 2009, when massive layoffs occurred due to the global financial crisis.
I was notified of attempts by the ministry of security and exchange to pass new regulations disallowing retail investors from investing in leveraged and inverse funds. Thank you for this important communication on where you expect to steer the market.
We as investors should have the freedom to invest at our risk tolerance level. The fact is simple. All adults in this country can freely go to casinos, where their losses are almost certain. Why can't we invest in leveraged products which have much better chance to grow our net worth. Also, leveraged and inversed products are important in my investment strategy--grow my assets faster in an up market and protect my investments in a down market.
I oppose restrictions on my right to invest in public companies. Regulators should no be cherry picking public companies to the benefit of Wall Street.
Rule s7-2415 You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged.
Leveraged and inverse funds are a very good, extremely convenient, and easy to understand way for the average investor like me to invest in public securities, and to avoid having to make use of costly and complex options which are often much more riskier.
Under the proposed regulations, I will not be able to fulfill all requirements for qualification, and will loose my right to enhance and protect performance of my retirement portfolio.
Hi there,
I fully understand the risk I am investing and this is an extra money which I don't need to use until I retire so hope you don't restrict the ability to invest leveraged ETFs. I want to manage it by myself.
Hope you understand.
Allow individual investors to make their own decisions.