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Kore Fung Comment On Regulatory Notice 22-08

Kore Fung
N/A

It was shocking of knowing that our regulators plan to limit our right to invest in leveraged and inverses funds. Certainly, we understand the risk of investing and the choice of risk and reward should be left to the investors. The investment choices and the type of investments should be open to all, but not just a few privileged, i.e. the wealthy ones, and the investment firms...etc. As an individual investor, I understand that it is my decision to do the due diligence before I invest. It is not difficult to find information in internet age. I should not be required to go through a special process and / or take a test before I invest. It is my own money and I should have the right to do what I want with it. Leveraged and inverses funds exit for a reason. Simply put, supply and demand. United States is a democracy country and free market economy. Supply and demand dictates the economy movement. Regulator duties are to regulate fraud / wrong doings, but not limit investor choices. We need the leveraged and inverse funds to balance the portfolio, limiting the exposure of risk. I do not find investing in leveraged and inverse funds is a crime and requires regulators to take any action especially these actions are aiming at individual investors.