Please don't limit access to the leveraged and inverse (L&I) funds. These funds are good investment tools to compliment my investment portfolio. They follow the many market indexes and therefore are more stable and non-bankruptcy prone unlike stocks. These L&I funds are less risky than investing in individual stocks because these funds have more stocks within their fund design average out the risk. In history, many large stocks have gone bankrupt. Enron, Lehman brothers, etc these have wiped out investor's savings. Do we limit investments in stocks? Investors have to be educated in any investment fund and product they choose. Don't limit access to L&I Funds and other "complex products" to the general public. This will create another social determinant of finance.
Jay Gandhi Comment On Regulatory Notice 22-08
Please don't limit access to the leveraged and inverse (L&I) funds. These funds are good investment tools to compliment my investment portfolio. They follow the many market indexes and therefore are more stable and non-bankruptcy prone unlike stocks. These L&I funds are less risky than investing in individual stocks because these funds have more stocks within their fund design average out the risk. In history, many large stocks have gone bankrupt. Enron, Lehman brothers, etc these have wiped out investor's savings. Do we limit investments in stocks? Investors have to be educated in any investment fund and product they choose. Don't limit access to L&I Funds and other "complex products" to the general public. This will create another social determinant of finance.