Please repeal this unreasonable and outrageous regulation. Most retail investors, including myself, know exactly what we are doing and should not have to go through complicated process - we simply do not need these measures imposed on us. Imposing ridiculous regulations on everyone is simply not acceptable, and we are not ok with liquidating our funds in times like these. Just the fact I have not sold any of my positions in leveraged ETFs should give a clear clue that I know exactly what I am doing and I have stable income to continue dollar cost averaging. In my opinion, raising the hurdle just seems to be a move to keep everyday hard working Americans from getting rich, while the rich, of course, will still be exempted.
Jae Park Comment On Regulatory Notice 22-08
Please repeal this unreasonable and outrageous regulation. Most retail investors, including myself, know exactly what we are doing and should not have to go through complicated process - we simply do not need these measures imposed on us. Imposing ridiculous regulations on everyone is simply not acceptable, and we are not ok with liquidating our funds in times like these. Just the fact I have not sold any of my positions in leveraged ETFs should give a clear clue that I know exactly what I am doing and I have stable income to continue dollar cost averaging. In my opinion, raising the hurdle just seems to be a move to keep everyday hard working Americans from getting rich, while the rich, of course, will still be exempted.