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Gregory Chin Comment On Regulatory Notice 22-08

Gregory Chin
N/A

The investing public not regulators should be able to choose the investments that are right for me and my family.
Investments should be available to all of the public, not just the privileged. You 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. I am capable of understanding leveraged and inverse funds and their risks. I do not need these measures imposed on me. Leveraged and inverse funds are important to my investment strategies.
How? Most of my money is trapped in a 403(b) and an HSA which has a limited menu of mutual funds chosen by the employer. Leveraged funds allow me to use alternative strategies outside the main portfolio with relatively meager capital in my IRA. I am able to hedge my qualified money without disrupting my dollar cost averaging program. Small amounts of IRA capital allocated to intelligently chosen non-correlated assets actually reduce risk, even with highly volatile etfs. By regulating leveraged and inverse funds you make them unavailable to the average wage earner, forcing them to put more eggs into the fewer baskets.