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Jibiao Huang Comment On Regulatory Notice 22-08

jibiao huang
N/A

Quote "important regulatory concerns arise when investors trade complex products without understanding their unique characteristics and risks. Like complex products, trading in options may pose risks if investors do not have the financial experience to understand options and options trading strategies" my comments: [1] risks of trading complex products won't change no matter traded by a professional or by a retail investor. People take their own responsibility when they decide to trade "risky" products. Professional failures could be as bad as "Bill Hwang" and "Bernie Madoff". [2] limit complex products can't prevent people from losing money in stock markets. In general, 80% of people underperform the stock markets. [3] availability of complex products provides flexibility and variety for retail investors, and benefits those who understand how to trade them. That is the beauty of this platform.