Greetings,
I am a retail investor and have enjoyed (carefully) investing in inverse and leveraged funds.
I understand the concern and desire to protect individuals, but to gatekeep these investments isn't helpful -- it's controlling.
I need approval from my broker to do things like short-sell because I could owe more than I invest, and that makes sense. But inverse and leveraged investments aren't as dangerous as shorting, in fact they're safer alternatives.
If you want to make us check a box and sign an agreement that any adult can review and thus gain access to leveraged and inverse investments, fine. But leave the gatekeeping out of it.
Glen Jackson Comment On Regulatory Notice 22-08
Greetings,
I am a retail investor and have enjoyed (carefully) investing in inverse and leveraged funds.
I understand the concern and desire to protect individuals, but to gatekeep these investments isn't helpful -- it's controlling.
I need approval from my broker to do things like short-sell because I could owe more than I invest, and that makes sense. But inverse and leveraged investments aren't as dangerous as shorting, in fact they're safer alternatives.
If you want to make us check a box and sign an agreement that any adult can review and thus gain access to leveraged and inverse investments, fine. But leave the gatekeeping out of it.