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Minxi Rao Comment On Regulatory Notice 22-08

Minxi Rao
N/A

I am strongly opposed to the restrictions to my right to invest. My choices on how to invest my money should not be governed by the government, nor should I have to pass any special tests before I can invest in public securities, e.g., leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks, via knowledge bases that are publicly available. The proposed measures to limit investing to only 'qualified' individuals only seek to keep investing for the privileged few, rather than the public.

Leveraged and inverse funds are an important part of my investment strategy. For example, I devote a small percentage of my portfolio to inverse funds as a way to hedge against risk, which helps limit my losses during volatile periods such as the COVID-19 pandemic. Further, I utilize leveraged funds as part of my strategy to enhance my returns.

While I understand the regulators' concern that investors should properly understand risk, I believe the solution is to provide more education, not placing limits and gatekeeping the public from investing.