Chris Wells Comment On Regulatory Notice 22-08

I think that I should be able to make my own investment decisions without further regulations from Big Brother. The sponsors of leveraged and inverse funds are required to make numerous disclosures regarding risks of the funds as well as how they operate. It is the responsibility of an investor to read and understand these disclosures. If he doesn't do that he can choose not to invest in them, or he can invest in them anyway knowing that he may not understand the risk. It's called personal responsibility. I use a leveraged inverse fund to protect my retirement account from increasing interest rates. I don't need to pass some arbitrary hurdle set up by the government that purports to make sure that I know what I'm doing