To the Financial Industry Regulatory Authority: I stand strongly opposed to regulatory efforts that limit my right to invest in leveraged and inverse funds. As a non-professional investor, I am nonetheless capable of understanding the risks of leveraged and inverse funds, and have used these funds prudently to diversify my portfolio. I do not need government oversight of how I invest my money, nor do I think it is equitable and fair to limit who can or cannot invest in these funds (such as, on the basis of net worth). I urge FINRA to end its pursuit of this regulation, and allow investors such as myself the right to choose how they invest their own money.
Drake Gomez Comment On Regulatory Notice 22-08
To the Financial Industry Regulatory Authority: I stand strongly opposed to regulatory efforts that limit my right to invest in leveraged and inverse funds. As a non-professional investor, I am nonetheless capable of understanding the risks of leveraged and inverse funds, and have used these funds prudently to diversify my portfolio. I do not need government oversight of how I invest my money, nor do I think it is equitable and fair to limit who can or cannot invest in these funds (such as, on the basis of net worth). I urge FINRA to end its pursuit of this regulation, and allow investors such as myself the right to choose how they invest their own money.