Lei Liang Comment On Regulatory Notice 22-08
I strongly oppose any limitations on my ability to buy the cryptocurrency funds offered by ProShares.
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I strongly oppose any limitations on my ability to buy the cryptocurrency funds offered by ProShares.
I do not support this rule change. Using leveraged etfs has been essential to many retail investors including myself. They have helped me hedge my portfolio in certain times and generate excess returns during other times. If you take leveraged etfs away it will cause retail investors such as myself to lose a lot of money, especially if you take these away while the market is far down from all time highs. Please do not impose anymore regulations on leveraged etfs.
Crypto currency funds such as BITO is important to me to diversify my portfolio. It is also safer to buy BITO than buying Bitcoin directly.
Citizens must be allowed to invest in any form of Investment that they want. Citizens must be able to determine if they can afford to lose or gain on investments. The government is essentially a partner in the form of taxes levied. If there are any gains, it is a win win situation for the government to not get in the way of this relative new form of investing. I haven't lost any money in crypto thus far and treat is as a stock averaging down to keep profits up! Thank you in advance for your concern for us citizens of the Great USA!
Dear FINRA regulators: I oppose any restrictions to my right to invest. 1. If I chose a complex fund to invest into, it means I understand the risk and benefit of it after having done my research; otherwise, I would go with a standard investment retirement package. I can take care of my money by choosing where to invest without government oversight. 2. I should not be required to go through any special schooling or testing in order to be given a green light to invest into my or my familys personal future. If I invest into something, it presupposes I did my research.
For many years I have been investing in leveraged and inverse funds for many years. Throughout this time I have never considered such funds to be "the way to easy money". I have been cognizant of the risks involved and have been properly informed by my broker (Fidelity Investments) regarding the special characteristics of leveraged and inverse investing. I have never received information from Fidelity, nor from leveraged providers, e.g.
We believe in free markets and grown people does not have to be babysit. As an investor if I loose money or gain is only my responsibility and I understand that. Trading with leverage products is like any other bet in life, more risk more possible rewards. I just try to keep my allocation small. I think rather than limiting, you guys should focus on making sure anyone read and sign waivers of the risk of such products and if one decides to proceed is at your own risk but limiting is not the answer.
I do not want your regulations to interfere with my right to purchase cryptocurrency. It is my right to spend my money on investments that work for me and my family. Stay off this one!
I believe it is unfair to individuals that their choices can be limited on certain investments. These reduced opportunities will hurt more people then it will help.