Pak Ho Comment On Regulatory Notice 22-08
I oppose to limitations on investing
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I oppose to limitations on investing
No one has a right to take away anothers property and that includes moneys or investments. Respect others and you will be respected.
It's called a free country and we're free to make our own decisions good ones and possibly bad ones. It's our right in a free country
I should have the right to invest in leveraged and inverse funds in order to hedge and reduce the volatility of my existing portfolios. I totally understand the risks associated with these investments and size the positions appropriately. These type of hedges should be available to all investors, large or small. Please protect our individual rights.
Comments: As a retail trader, I find that L&I funds provide adequate exposure to investment instruments of which I am seeking to trade. Traders exposed to these instruments understand and accept the risks L&I funds provide: understanding whether the fund is optioned short or long and as to how much exposure (1x, 2x, 3x). Utilizing these trading instruments are no different than going "short" or "long" on a security and in fact many securities are much more riskier to actively trade on a daily/weekly basis than L&I funds.
This un levels the playing field so large wealth and insiders can get the largest reward on new and yet untested investment opportunities. To have wealth, is to always have an advantage for more wealth. This is unfair and difficult for minimally wealthy investors to have a similar chance at getting the best returns for getting in early. This effort is on the surface to keep small investors without sophistication from losing all their money. That is noble, and makes sense.
I oppose any restrictions to my right to invest as I see fit. Investments must remain available to all. The thought of imposing a screening process on individuals to limit investment access sounds like something you would hear in mainland China. I am well aware of the risks and limitations of leveraged and inverse funds as well as any investment I may choose. I do not want regulators oversight. I fully oppose regulation restrictions.
You have no right to tell me how to manage my monies. Do you like being told what to do with your monies? If so, then, send me all your money now! I oppose restrictions to my right to invest. Imposing restrictions is simply all about control and pure discrimination on the basis of a person's financial status. It's also, a process of elimination and a clear violation of our rights.
This rule is Ill advised as individuals must have the freedom to select their investments without cumbersome regulations.
I am an individual investor who believes a person should not need to go through a special process before being allowed to invest in public securities. To invest is to be aware that markets fluctuate and carry inherent risk -- any serious investor learns this quickly. I should not have to jump through hoops or demonstrate I have an arbitrary net worth before investing in leveraged or inverse funds.