As a retail investor, I should be free to invest in any public securities with my funds as I see fit. Government restriction of individual investors serves only to increase the wealth gap between most Americans and the ultra-wealthy. Leveraged and inverse funds provide access to financial instruments that would otherwise be available only within specialized circles of millionaires, billionaires, and hedge funds, etc. Do not penalize retail investors under the guise of "their own protection" when this only "protects" the ability of the already ultra-wealthy to hoard increased wealth.
Frank Hanner Comment On Regulatory Notice 22-08
As a retail investor, I should be free to invest in any public securities with my funds as I see fit. Government restriction of individual investors serves only to increase the wealth gap between most Americans and the ultra-wealthy. Leveraged and inverse funds provide access to financial instruments that would otherwise be available only within specialized circles of millionaires, billionaires, and hedge funds, etc. Do not penalize retail investors under the guise of "their own protection" when this only "protects" the ability of the already ultra-wealthy to hoard increased wealth.