I own an inverse fund that would be subject to the new FINRA 22-08 regulations if implemented. I object to those regulations. I fail to see why I or anyone else should have to jump throw new hoops to own any inverse fund. My reasons for owning it may be unorthodox I want to own something, less than 1% of my investments actually, that goes up when everything else crashes, so that I dont despair but it works. Please dont take that away from me which could well be what all the testing and other requirements would do. An inverse fund is like insurance against depression to me.
Fred Linden Comment On Regulatory Notice 22-08
I own an inverse fund that would be subject to the new FINRA 22-08 regulations if implemented. I object to those regulations. I fail to see why I or anyone else should have to jump throw new hoops to own any inverse fund. My reasons for owning it may be unorthodox I want to own something, less than 1% of my investments actually, that goes up when everything else crashes, so that I dont despair but it works. Please dont take that away from me which could well be what all the testing and other requirements would do. An inverse fund is like insurance against depression to me.