I've heard and am very concerned about the potential new regulations restricting access to leveraged and inverse mutual funds and ETFs.
It is very important for the US regulators to allow free and fair access to creative investment products in a publicly available format. In fact, there have been many private investment vehicles (hedge funds, private equity, venture capital) that are NOT accessible by the public as they are subject to minimum investor qualifications. Mutual funds and ETFs should allow the public access to creative vehicles to enhance returns and/or lower risk via diversification into different strategies.
Personally, we've used levered/inverse funds many times in the past and they've benefited us in our taxable and non-taxable/retirement accounts.
Want to state for the record that I oppose any special process or test to allow the public to invest in a public security like mutual funds and ETFs. There are 1,000s of mutual funds from which to choose. The public should be allowed free access to any of these vehicles.
Thank you for considering public opinion on this important matter.
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Hiren Patel Comment On Regulatory Notice 22-08
Dear FINRA,
I've heard and am very concerned about the potential new regulations restricting access to leveraged and inverse mutual funds and ETFs.
It is very important for the US regulators to allow free and fair access to creative investment products in a publicly available format. In fact, there have been many private investment vehicles (hedge funds, private equity, venture capital) that are NOT accessible by the public as they are subject to minimum investor qualifications. Mutual funds and ETFs should allow the public access to creative vehicles to enhance returns and/or lower risk via diversification into different strategies.
Personally, we've used levered/inverse funds many times in the past and they've benefited us in our taxable and non-taxable/retirement accounts.
Want to state for the record that I oppose any special process or test to allow the public to invest in a public security like mutual funds and ETFs. There are 1,000s of mutual funds from which to choose. The public should be allowed free access to any of these vehicles.
Thank you for considering public opinion on this important matter.