I, not regulators, should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged elites.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds.
I am fully capable of understanding leveraged and inverse funds and their risks. I do NOT need these regulatory measures imposed on me.
Leveraged and inverse funds are important to my retirement investment strategies. In fact, had it not been for me investing in $UCO last year when it was $50/share and sold went it hit $171/share, my gains would not have offset my losses in the broader market.
Simply put, I prefer using leveraged and inverse funds to hedge my risk against market volatility. I do NOT need a regulatory body telling more ways how I can and cannot spend my money.
Bryan McAninch Comment On Regulatory Notice 22-08
I, not regulators, should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged elites.
I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds.
I am fully capable of understanding leveraged and inverse funds and their risks. I do NOT need these regulatory measures imposed on me.
Leveraged and inverse funds are important to my retirement investment strategies. In fact, had it not been for me investing in $UCO last year when it was $50/share and sold went it hit $171/share, my gains would not have offset my losses in the broader market.
Simply put, I prefer using leveraged and inverse funds to hedge my risk against market volatility. I do NOT need a regulatory body telling more ways how I can and cannot spend my money.