Xinzhe Xie Comment On Regulatory Notice 22-08
We Need The Leverage!
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We Need The Leverage!
I am wholeheartedly against the proposed rule changes.
I came from a communist country, which limited all my freedom in every sense. I chose to come to the United States due to the fact that citizens have the right to different types of freedom, including investment freedom. I want to maintain the freedom to buy and/or sell, choose an occupation, compete, and make a profit. Therefore, I want to continue freely investing in public securities of my choosing. Using leveraged and inverse funds are important for my investment strategies. I'm capable of understanding leveraged and inverse funds and the risk it brings.
I fully understand the risks associated with leveraged and inverse ETFs. I study my investments diligently and believe I have the knowledge to continue investing in these ETFs, especially during these times when inverse ETFs allow to hedge against the market going down.
To All Regulators, Regarding FINRA Regulatory Notice #22-08, I want to state that I am fully capable of choosing the public investments that are right for my family and myself. All public investments should be available to all people, not just the privileged few. I should not have to go through any special process in order to invest in certain public securities. I fully understand the risks involved in all securities trading including leveraged and inverse funds. I do not need these limiting measures imposed on me.
I am already frustrated with the limits imposed upon me as an individual investor and I don't need any more restrictions. I think if the warnings were a little stronger so that the investments were "properly understood" other people might think twice about what they invest in. But please, NO MORE RESTRICTIONS! I should be able to have all the opportunities available to me that accredited investor do.
To whom it may concern:
I was very concerned to hear of the proposed regulatory changes for leveraged and inverse funds.
While I support the surface notion of FINRA protecting retail investors, I do not believe restricting access to these "complex investments" is in any way an appropriate step.
Dear FINRA, First, let me introduce myself. I am Nathan Ayotte, and I am an individual investor with personal goals of acquiring a large average annual compound rate of return each year. Personally, I have been investing in a particular triple-leveraged ETF fund based on the Nasdaq-100 (Ticker: TQQQ) for 4 years, provided by an asset management company called ProShares. The fund is a fantastic, and its characteristics along with its stated daily performance objectives are very useful.
Quit taking our rights away.!
I use leveraged and inverse funds as a hedge in my portfolio. I have been very successful using leveraged and inverse funds and do not want regulators restricting what I am to buy and sell.
I also write weekly options and find leveraged and inverse fund along with weekly options as a very strategic way to increase and protect my assets. I do not want any more restriction to be placed on leveraged and inverse funds.