Xinyu Chen Comment On Regulatory Notice 22-08
this is the only hedge tool that we can use if market go north,
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this is the only hedge tool that we can use if market go north,
CommenPlease don't limit retail usage of Leveraged and Inverse ETFs. They're actually easier to use than options/derivatives, and are incredibly useful tools for any active trader. You should not be limiting the average American's ability to build wealth in any way, as long as it doesn't cause harm to anyone else. Both of the brokerages I use have warnings for Leveraged and Inverse ETFs, and they also ask you questions about your trading experience when you first sign up and limit your access to things like options/derivatives and margin until you take their survey and are approved.
Ordinary investors are seldom if ever given access to the techniques and tool available to the elite of Wall Street and the professional investing community. I feel it would be unduly burdensome on us to remove inverse and leveraged modalities.
Noone,I repeat Noone has any business in others investments,unless they are massive or overseas
Kindly let me buy and sell what I want without government interference please, thank you ...
I would like to make my point why this regulation does not benefit or protect consumers the way FINRA might think:
Leveraged ETF's:
Getting a loan for a mortgage by putting % as down payment is also a leveraged product, not complex at all, are you going to regulate that too? Should people read or pass a test to buy a house? Even more, this is all my MY MONEY not the banks', let me invest it as I see fit.
Volatility funds:
Comments:I have traded L&I ETFs in the past. My broker's website asked me to first declare intentions for my account that were consistent with L&I products (short term and actively monitored.) I feel this was more than sufficient to dissuade any uninformed investor that didn't know what they were getting into. I don't want to be "protected" from these funds. I want to be able to continue to make informed investment decisions.
The right to choose goes across all boards! Stop governmental interference in personal choice!
College my, home ownership, having a family are now all unattainable to the average American and now you want to cut off the American public from investing. Soon the people of this country will come for you expect a back lash on par with the French revolution if you continue to squeeze the average man in this country. You ineffective joke of a human being!
Who are you to say what is too "complex" for the average person to trade? Why take away a legitimate tool to help us hedge down turns with inverse funds or make up for losses with leveraged funds? Brokers already require we read documents and know the risks associated.
How about you worry about something that actually matters like naked short selling, short selling in general, or dark pooling? Leave the little guy alone, we are the least of your problems.