Imposing a ban on holding the funds included in this notice casts too wide a net. For sure investors need to understand what products they are purchasing, but this is true with all asset classes and I for one believe that this is an overreach on the part of regulators. Having already signed an attestation as to the increased risk associated with leveraged funds, I am fully aware of my risks and am capable of determining for myself if a fund is suitable to my risk profile and investment goals.
James Bock Comment On Regulatory Notice 22-08
Imposing a ban on holding the funds included in this notice casts too wide a net. For sure investors need to understand what products they are purchasing, but this is true with all asset classes and I for one believe that this is an overreach on the part of regulators. Having already signed an attestation as to the increased risk associated with leveraged funds, I am fully aware of my risks and am capable of determining for myself if a fund is suitable to my risk profile and investment goals.