Yid Wang Comment On Regulatory Notice 22-08
I would like to reserve my rights to freely invest my own money without any limitations form regulators.
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I would like to reserve my rights to freely invest my own money without any limitations form regulators.
Our investments have been individually designed by each investor over decades. You must not restrict or alter the way we conduct our business. We need freedom, not rules to constrict us. LEAVE OUR INVESTMENTS ALONE!
Dont prohibit the leverage etf trading, or inverse etf. We have the right to trade the product we want
It is my own free to buy public investments. It should be available to all of the public
Please do NOT restrict the use of leveraged ETFs in ANY way. Just this proposal is outrageous: You think only rich and privileged people understand risk? How condescending is that? Leveraged ETFs are the only way for middle class investors to have a decent shot of moving out of the middle class as we aim to become financially independent. Almost all retail investors understand the risk and volatility involved in these ETFs; we still want to invest in these leveraged products (especially leveraged bull market products) only because this is our only chance to become financially independent.
This is my absolute support for the fact that I, not the government, will decide public investments right for me!
Comments: As a small investor, I have found the Leveraged EFTs to be an excellent investment. I have invested in these EFTs since 2014. The price value of the funds have performed exactly as they were intended. Although I currently do not own any of these funds, I would like to be able to purchase them again when market conditions improve.
1. People work hard to avoid risk they don't understand.
2. The ability to buy contra ETFs is vitally important when
markets fall.
3. Where in law does it give you the right to tell investors what
they should/should not invest their money?
4. We, the people of the US do not trust you to serve the best
interests of the common citizen as you have proven
constantly before!
Hello, I am writing to oppose restrictions on leveraged index funds. I invest in leveraged index funds. I know that leverage entails greater risk. However, I feel that it is important for investors like me to be able to make our own decisions regarding these instruments. Personally, I look at the past performance of the fund and the index before making my decision. I also consider my own risk tolerance. Ive been investing since I was 9 and Im almost 20. So, I have the benefit of experience in the market, education about the market and financial instruments, and a greater risk tolerance.
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Under the regulations being considered by the Financial Industry Regulatory Authority (FINRA),
you may not be able to buy leveraged and inverse funds and dozens of other popular
investments deemed to be complex unless you:
Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest
TELL REGULATORS:
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST