Leveraged funds are an important part of my investment strategies. Involvement of regulators in a person's wallet should be limited, just like their involvement in private lives in general. Furthermore, the paternalistic stance taken by regulators is reminiscent of the approach of the most severe autocratic and totalitarian regimes, where a dictator considers his people too feebleminded to make the right decision.
Boris Kogan Comment On Regulatory Notice 22-08
Leveraged funds are an important part of my investment strategies. Involvement of regulators in a person's wallet should be limited, just like their involvement in private lives in general. Furthermore, the paternalistic stance taken by regulators is reminiscent of the approach of the most severe autocratic and totalitarian regimes, where a dictator considers his people too feebleminded to make the right decision.