The limitation on the ability for the individual investor to invest in inverse and leveraged investments is asinine. I may not be a CFA nor have FINRA series licenses, but am smart enough to know "I think this sector is going to go down, and I don't want to become a short seller, so investing in this ETF that is inverse allows me the freedom to invest in something I believe in."
It is unAmerican to regulate these securities in this way and I strongly object to the regulations being discussed. This does not allow for a free and open market. Buyer beware is a saying for a reason...I know the risks I am taking in placing funds into these inverse/levered securities, and that is 100% how it is supposed to be.
Brian Burke Comment On Regulatory Notice 22-08
The limitation on the ability for the individual investor to invest in inverse and leveraged investments is asinine. I may not be a CFA nor have FINRA series licenses, but am smart enough to know "I think this sector is going to go down, and I don't want to become a short seller, so investing in this ETF that is inverse allows me the freedom to invest in something I believe in."
It is unAmerican to regulate these securities in this way and I strongly object to the regulations being discussed. This does not allow for a free and open market. Buyer beware is a saying for a reason...I know the risks I am taking in placing funds into these inverse/levered securities, and that is 100% how it is supposed to be.
Keep big brother out of my yard.