I adamantly oppose restricting access to leveraged funds. You lose the money than you have invested. It is not your job to be big brother. I have 7 years as a government executive in a state department that was a regulator. I am a democrat. And I think this whole concept is an extreme over reach. These funds mirror the market. They are not done rouge Ponzi scheme. If the funds exist they should not be restricted and further than what a margin account allows. If you qualify for margin you should not be restricted from leveraged funds.
Adam Hill Comment On Regulatory Notice 22-08
I adamantly oppose restricting access to leveraged funds. You lose the money than you have invested. It is not your job to be big brother. I have 7 years as a government executive in a state department that was a regulator. I am a democrat. And I think this whole concept is an extreme over reach. These funds mirror the market. They are not done rouge Ponzi scheme. If the funds exist they should not be restricted and further than what a margin account allows. If you qualify for margin you should not be restricted from leveraged funds.