I fit all the normal requirements for suitability to buy such things as ProShares. I owned AGQ in my Roth IRA. I am a retired VP Investments from a regional brokerage firm, sufficient net worth and income, full options trading experience and qualification and was forced by the compliance guy where my account is currently to divest this security due to its complex and risky nature and the upcoming regulations as such by you. Note, neither this guy nor you have investment management approvals over my accounts and I submit that after a 20 year successful career managing both my own money and that of clients that you WILL NOT be granted such discretions. My decisions, not yours
Frank Miller Comment On Regulatory Notice 22-08
I fit all the normal requirements for suitability to buy such things as ProShares. I owned AGQ in my Roth IRA. I am a retired VP Investments from a regional brokerage firm, sufficient net worth and income, full options trading experience and qualification and was forced by the compliance guy where my account is currently to divest this security due to its complex and risky nature and the upcoming regulations as such by you. Note, neither this guy nor you have investment management approvals over my accounts and I submit that after a 20 year successful career managing both my own money and that of clients that you WILL NOT be granted such discretions. My decisions, not yours