Dear Sirs, As a US citizen, I believe I have the right to choose my own investment for myself and my own family using any public investment vessels. This right should come with no further official regulation to decide if I am qualified in knowledge or risk taking since it's my own decision based on my own due diligence. In the past 20 years, Fed kept relaxing credits in order to save different financial crisis including 2000 internet bubbles, 2018 sub-prime mortgage crisis, and 2020 pandemic beak down. In my own view, these were interferences to the financial market by unlimited credit expansion AND this simply can't go on forever. Such that as an individual, I want to protect my own financial assets in the event of next stock market breakdown which I believe will come sooner or later. Leveraged and inverse funds has been a convenient vehicle for me to do such investment hedge for protecting my hard earned assets. I know what I am doing and willing to take my own financial decision with risks come with it. I personally strongly disagree regulators add any new restrictions to current free trading of leveraged and inverse funds for the general public. I hereby request those in authority reconsider your intention and actions. We want more financial freedom and choices, not more restrictions from regulators.
Dajen Huang Comment On Regulatory Notice 22-08
Dear Sirs, As a US citizen, I believe I have the right to choose my own investment for myself and my own family using any public investment vessels. This right should come with no further official regulation to decide if I am qualified in knowledge or risk taking since it's my own decision based on my own due diligence. In the past 20 years, Fed kept relaxing credits in order to save different financial crisis including 2000 internet bubbles, 2018 sub-prime mortgage crisis, and 2020 pandemic beak down. In my own view, these were interferences to the financial market by unlimited credit expansion AND this simply can't go on forever. Such that as an individual, I want to protect my own financial assets in the event of next stock market breakdown which I believe will come sooner or later. Leveraged and inverse funds has been a convenient vehicle for me to do such investment hedge for protecting my hard earned assets. I know what I am doing and willing to take my own financial decision with risks come with it. I personally strongly disagree regulators add any new restrictions to current free trading of leveraged and inverse funds for the general public. I hereby request those in authority reconsider your intention and actions. We want more financial freedom and choices, not more restrictions from regulators.