Candy Chen Comment On Regulatory Notice 22-08
As an investor, it is my right to have free access to the entirety of the public securities markets without arbitrary restrictions. Please respect and protect my right!
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As an investor, it is my right to have free access to the entirety of the public securities markets without arbitrary restrictions. Please respect and protect my right!
As an Investor in leveraged ETFs, I very much would like to stop new regulations that would make it more difficult to purchase these securities. I fully understand that these can go up and down far more drastically than the market average and I fully expect that. Investing is risky and I feel like investors can properly determine their own risky tolerance with the information provided.
Please don't kowtow and restrict personal trading options.
I have been investing in leveraged index funds and mutual funds such as TQQQ (Nasdaq 100 index 3X bull), TECL (S&P 500 tech index 3X bull), and RMQHX (Nasdaq 100 index 2X bull). It is important for more risk-tolerant retail investors to be able to increase their returns without losing diversity in stocks. With the assumption that markets go up in the long run, these leveraged funds allow the retail investors to obtain higher returns in the long run without taking risks associated with concentrated positions.
I OPPOSE RESTRICTIONS TO MY RIGHTS AND FREEDOM TO INVEST AS I CHOOSE
Comments: Since the time that humans had a path to follow or street to cross, there has been an element of risk in so doing. Saber-toothed cats, banditos, darkness, wrong turns, errant drivers, psychopaths, malevolent humans and natural calamities all posed a risk to a successful journey. Those alerted to the risks generally navigated, while those not so, were either lucky, or not. Personally, I see no problem with Direxion leveraged funds; as long as, manipulation of the funds by Direxion or any entity connected with it, in any way, be it corporate, club, or family.
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Dear Sir,
I shouldn't have to go through any special process like passing a test before you can invest in public securities,
including cryptocurrency funds. Please leave it up to individual investors to decide if they want to invest in cryptocurrency funds and assume their risks.
I would like to express my displeasure at the elitist idea of limiting my use of leveraged and inverse funds. These funds play an important part of my portfolio, as each gives me an instant diversified basket of stocks, and are much easier to use than options, which really are not practical for the small investor or trader.
Dear FINRA,