Instead of limiting the types of investments I can buy, please use your regulatory resources to after the out and out scamsters like Bernie Madoff and others who prey on the elderly.
Whlie you're at it, people are losing their life savings in crypto offers, NFTs, and tokens. Those are much more dangerous than leveraged or inverse funds.
If an average investor doesn't have access to leveraged or inverse funds, they only have one way to make money which is if the market goes up. Leveraged and inverse funds give small individual investors the ability to make money when things go down or make up for losses faster when things go back up.
We don't need you to protect us from our own investment decisions. It's more important to protect us from costly and unnecessary government overregulation.
Carolyn Santo Comment On Regulatory Notice 22-08
Instead of limiting the types of investments I can buy, please use your regulatory resources to after the out and out scamsters like Bernie Madoff and others who prey on the elderly.
Whlie you're at it, people are losing their life savings in crypto offers, NFTs, and tokens. Those are much more dangerous than leveraged or inverse funds.
If an average investor doesn't have access to leveraged or inverse funds, they only have one way to make money which is if the market goes up. Leveraged and inverse funds give small individual investors the ability to make money when things go down or make up for losses faster when things go back up.
We don't need you to protect us from our own investment decisions. It's more important to protect us from costly and unnecessary government overregulation.