Skip to main content

Waichoi Shek Comment On Regulatory Notice 22-08

Dear FINRA,

I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.

These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and I use this magnification to my advantage.

Richard LeBlanc Comment On Regulatory Notice 22-08

I am opposed to restrictions on my right to invest in any public securities.

I have long made use of closed-end funds and own at some now. I can't imagine that such securities are considered riskier investments than stocks.

I have purchased leveraged and inverse funds on my own in the past as part of my own investment strategies. Currently, a financial advisor I use purchases such investments on my behalf.

Additional regulations are unnecessary and would not be helpful to investors.