The United States is a free capitalist country where people have freedoms guaranteed by the Constitution. This should reflect from the freedom of investing too--people should have their freedom to choose what and how to invest their money. We save and invest to better our future lives. I diversify in my investments. Leveraged and inverse funds, though by no means of a large portion, are important part of my portfolios. Adding special requirements before one can invest in these public securities will tie investors' hands and impact our freedom to make decisions for our own interests. Any measures as requirements will have great impact to the future performance of what have been invested in those funds, which will result in great damages to people's investments already in these funds. The market economy needs to be adjusted by the market itself. Regulations will make the economy become a planned economy like that in China. We don't want that and we shouldn't do that.
Daming Zhu Comment On Regulatory Notice 22-08
The United States is a free capitalist country where people have freedoms guaranteed by the Constitution. This should reflect from the freedom of investing too--people should have their freedom to choose what and how to invest their money. We save and invest to better our future lives. I diversify in my investments. Leveraged and inverse funds, though by no means of a large portion, are important part of my portfolios. Adding special requirements before one can invest in these public securities will tie investors' hands and impact our freedom to make decisions for our own interests. Any measures as requirements will have great impact to the future performance of what have been invested in those funds, which will result in great damages to people's investments already in these funds. The market economy needs to be adjusted by the market itself. Regulations will make the economy become a planned economy like that in China. We don't want that and we shouldn't do that.