Hyun Lim Comment On Regulatory Notice 22-08
i oppose restrictions to my right to invest
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i oppose restrictions to my right to invest
The risks of investing are inherent in any fund or security. That is something made known when beginning to invest and heavily emphasized in literature to those considering investing. It's my responsibility as a investor to vet and understand the products I'm investing in. As part of that vetting process, I use leverage to manage my downside risk. It also constitutes a very small (less than 5-10%) portion of my overall portfolio. The open market should decide who can invest and in what capacity.
You want to prevent me from trading products that are too "complex" for me unless I pass a regulator-imposed test? This seems a lot like when blacks were prevented from voting unless they passed a regulator-imposed "literacy test". My response is simple: this is despicable. You should be ashamed of yourselves. Really.
Aloha, as a small retail investor I would definitely NOT be in favor of any of any restrictions on my ability to buy and sell publicly-traded ETF's and similar common financial products, so long as the already well-known risks are plainly and honestly disclosed by issuers and brokers in any promotional materials. Trying to accurately determine who is and isn't capable of trading ANYTHING on the stock market would be a fruitless and disruptive nightmare for all concerned.
Please do not interfere in my ability to chose what I invest in. If you want to stress or emphasize investor education on the various risks of different products then so be it but to try and interfere or prohibit everyone except the wealthiest individuals from investing in them is completely wrong and unacceptable. Leveraged and inverse funds are important to different peoples investment strategies and a blanket ban or prohibition across the board is not reasonable or appropriate.
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
Leveraged and inverse funds are important to my
investment strategies. I use leverage and inverse funds to
protect (hedge) my investments or seek enhanced
returns, and for a limited part of my overall portfolio.
Me not regulators should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
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
There absolutely no to suppress the freedoms of investment whether it for or against the market. If institutions are allowed to and not be held accountable for nearly breaking Americans back then it is only fair to bet against their actions.
Ive worked in an administrative position for many years and am well versed in the market. I currently invest in some leveraged etf funds. Like all stocks and bonds, there is always a risk. It is up to the individual to do their homework. It would be highly unfair to subject regular investors to having to take a test or to jump through hoops to buy some of these products. Obviously global factors cause a lot of the problems. maybe better controls should be instituted on electronic trading and the issues they cause.
Comments: As a Financial advisor and investor of 32+ years, I strongly believe having the ability to purchase 1x inverse ETF's is a valuable short term hedging tool. I am not a fan of the leveraged ETF's as they can create a lot of damage if used improperly. Also the tracking error over time is very problematic. With that said, knowledgeable investors should have access to these ETF's and FINRA could put in a liquid net worth requirement for access to these products.