To whom it may concern I am 72 years old now. I have been investing in equities since I graduated from college which is the mid 70s. As all we aware of the fact that the market did not go anywhere during that decade. The only way to make a decent return is by trading and I wish we have Market index ETF or the reverse of it at that time. We now have good products and I cannot understand why the agencies want to take it away from the public. I am aware of it some speculators will misuse these products knowing or inadvertently but so is the equities in general. I am sure you will not prohibit trading in equites so why stop index linked products. Finally these products is a good hedge for long term equity investors.
Chak Wong Comment On Regulatory Notice 22-08
To whom it may concern I am 72 years old now. I have been investing in equities since I graduated from college which is the mid 70s. As all we aware of the fact that the market did not go anywhere during that decade. The only way to make a decent return is by trading and I wish we have Market index ETF or the reverse of it at that time. We now have good products and I cannot understand why the agencies want to take it away from the public. I am aware of it some speculators will misuse these products knowing or inadvertently but so is the equities in general. I am sure you will not prohibit trading in equites so why stop index linked products. Finally these products is a good hedge for long term equity investors.