I disagree with your proposed regulation to restrict the purchase of leveraged and inverse funds and dozens of other popular investments deemed to be complex unless you:
Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest
This is just more government over-reach which violates a person's right to choose. I ask you to withdraw this proposal. Thank you.
James Armholt Comment On Regulatory Notice 22-08
I disagree with your proposed regulation to restrict the purchase of leveraged and inverse funds and dozens of other popular investments deemed to be complex unless you:
Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest
This is just more government over-reach which violates a person's right to choose. I ask you to withdraw this proposal. Thank you.