I am totally opposed to any restrictions on the freedom to choose what securities I'm allowed to buy. If protecting the public from excessive risk is the goal, then there are overwhelming categories of securities that Regulators would have to restrict. We would have not a free market but a restrictive one. It is the individual's responsibility and right to determine how much risk he/she is able to accept, rather than a matter to be regulated. Neither is it good to qualify investors with tests and processes, which inevitably act as deterrents. Regulation overkill is categorically bad for the free market.
Leveraged and inverse ETFs are a pivotal part of my investment program. They are absolutely necessary to me. They help limit losses and protect from sudden unexpected jolts in the market. They are sometimes the only means available to balance adverse movements in my portfolio. Restricting them has the unintended effect of elevating my risk level.
In short, I respectfully appeal to you to refrain from imposing restrictions on leveraged and inverse securities.
Ray Kwoon Comment On Regulatory Notice 22-08
I am totally opposed to any restrictions on the freedom to choose what securities I'm allowed to buy. If protecting the public from excessive risk is the goal, then there are overwhelming categories of securities that Regulators would have to restrict. We would have not a free market but a restrictive one. It is the individual's responsibility and right to determine how much risk he/she is able to accept, rather than a matter to be regulated. Neither is it good to qualify investors with tests and processes, which inevitably act as deterrents. Regulation overkill is categorically bad for the free market.
Leveraged and inverse ETFs are a pivotal part of my investment program. They are absolutely necessary to me. They help limit losses and protect from sudden unexpected jolts in the market. They are sometimes the only means available to balance adverse movements in my portfolio. Restricting them has the unintended effect of elevating my risk level.
In short, I respectfully appeal to you to refrain from imposing restrictions on leveraged and inverse securities.
Thank you for your kind consideration.