Not allowing citizens the ability to invest in inverse or leveraged funds based on that person's net worth or specialize skill is unfair and unwise. I would be unable to hedge my investments in rocky times. Rather than protecting investors from potential losses, these rules would subject them to unnecessary losses. These regulations would not help the average investor and more than likely have the the opposite effect. Many investors such as myself would be very hesitant to invest in traditional products in the future and lose money to inflation. Rich elites can continue paying for financial advisors and/or have high enough net worth that only they can protect their wealth. This reeks of special interests and fundamental unfairness.
David Winters Comment On Regulatory Notice 22-08
Not allowing citizens the ability to invest in inverse or leveraged funds based on that person's net worth or specialize skill is unfair and unwise. I would be unable to hedge my investments in rocky times. Rather than protecting investors from potential losses, these rules would subject them to unnecessary losses. These regulations would not help the average investor and more than likely have the the opposite effect. Many investors such as myself would be very hesitant to invest in traditional products in the future and lose money to inflation. Rich elites can continue paying for financial advisors and/or have high enough net worth that only they can protect their wealth. This reeks of special interests and fundamental unfairness.