This proposed regulation really hurts investor's interest. Firstly, it opens a door to the abuse of a vague definition of "complex products". In addition, it is investor's freedom and responsibility to make his/her own judgement. We do not need babysitting from regulators - unless regulator will pay for the loss of our investment. These leveraged and inverse funds are very critical part of my investment strategy to hedge the market volatility, especially in this moment of market uncertainly.
Mingbiao Fei Comment On Regulatory Notice 22-08
Dear Sir / Madam:
This proposed regulation really hurts investor's interest. Firstly, it opens a door to the abuse of a vague definition of "complex products". In addition, it is investor's freedom and responsibility to make his/her own judgement. We do not need babysitting from regulators - unless regulator will pay for the loss of our investment. These leveraged and inverse funds are very critical part of my investment strategy to hedge the market volatility, especially in this moment of market uncertainly.
Please reconsider this proposal.