Yuk Wong Comment On Regulatory Notice 22-08
I will take my own risk on my investment. I have freedom and right to select which kind of investment I make under my account, don't worry, thank you.
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I will take my own risk on my investment. I have freedom and right to select which kind of investment I make under my account, don't worry, thank you.
I've personally concluded that these 3x leveraged ETF's were a criminal enterprise by Direxion Funds and others, and yet were authorized. These should not be offered, and I wish I knew better before I bought them and they proceeded to do MANY reverse splits to where my holdings were worth less than 5% of where they started....
I find that having access to leveraged and inverse etfs provides balanced hedging in my portfolio, allowing me to retain a mostly-cash position for long-term financial security while also participating in market movements. Please don't add hurdles to use of leveraged and inverse ETFs
I have several of the funds and investment vehicles you are talking about regulating in my portfolio. As an average citizen, I am completely capable of researching and understanding risks and rewards of different investment products. I do not appreciate being called unworthy of investing in these products. Wall Street is already rigged toward the privileged and wealthy. These types of funds are important to me to provide a small hedge in my portfolio.
Worry about the hedge funds overleveraging not retail investors taking too much risk
America is a free country. You can't block my trading preference. Do NOT block my leveraged and inverse funds. Go ahead to stop crypto currency first. Those are scam.
The general public does not need handholding by regulators on what we can or cannot do with our own money. That is what free markets and freedom of speech is all about and this regulation is impinging on that right.
Leveraged and inverse funds are important to my investment strategies. I should be able to choose the public investments that are right for you and your family. I shouldn't have to go through any special process like passing a test before you can invest in public securities,like leveraged and inverse funds.
I believe should be be able to choose my own public investments that are right for me and shouldn't have to go through any special process like passing a test before I can invest in public securities such as, leveraged and inverse funds. I do not want regulators to have these measures imposed on me since I am capable of understanding the risks of these funds. Leveraged and inverse funds help me protect my investments and increase my returns and I use them on a very small portion of my total portfolio. Thanks for listening to my thoughts on this matter.
The public should be able to invest in leveraged and inverse funds, since this will permit them to hedge during times of market uncertainty and with future stock market declines. The excesses of the FED and US Government with over $10 Trillion increase in liquidity in the money supply over the past two years will lead to a great recession and major correction in the markets. The SEC proposed rule will ensure that the middle class investor is futher harmed by the US Gobernment.