I am writing to voice my opposition to the proposed regulations limiting my ability to invest in leveraged and inverse funds. I believe I am the perfect example of someone who will be hurt from the proposed regulations. I have an education in business and finance and experience in the field. I did not grow up in a wealthy family and have worked hard to earn a small amount to trade and invest. It is only in the past year or so that I have had the ability to trade and invest seriously. I am growing my account in large part due to trading the types of funds that will be regulated. If these regulations are passed requiring a "high net worth" to trade them, I may be disqualified even though I would likely be more qualified and knowledgable than many higher net worth investors. The decision of which securities to invest in should be left to investor and the proposed regulation would significantly reduce my ability to improve my net worth.
David Mathews Comment On Regulatory Notice 22-08
I am writing to voice my opposition to the proposed regulations limiting my ability to invest in leveraged and inverse funds. I believe I am the perfect example of someone who will be hurt from the proposed regulations. I have an education in business and finance and experience in the field. I did not grow up in a wealthy family and have worked hard to earn a small amount to trade and invest. It is only in the past year or so that I have had the ability to trade and invest seriously. I am growing my account in large part due to trading the types of funds that will be regulated. If these regulations are passed requiring a "high net worth" to trade them, I may be disqualified even though I would likely be more qualified and knowledgable than many higher net worth investors. The decision of which securities to invest in should be left to investor and the proposed regulation would significantly reduce my ability to improve my net worth.