I regularly use leveraged and inverse funds to hedge my investments. They are an invaluable tool and I use them in a sensible and limited capacity. I am not a "high net worth" individual. I find it offensive that FINRA would even consider taking these away from regular investors. This would just be further proof that this game is "rigged" for the big players. People like me are more than capable of making our own investment and trading decisions and we are fully capable of understanding the risks involved. We shouldn't have to take tests or ask permission to use these funds and we definitely should not have to be "high net worth" individuals.
Jeff Hermann Comment On Regulatory Notice 22-08
I regularly use leveraged and inverse funds to hedge my investments. They are an invaluable tool and I use them in a sensible and limited capacity. I am not a "high net worth" individual. I find it offensive that FINRA would even consider taking these away from regular investors. This would just be further proof that this game is "rigged" for the big players. People like me are more than capable of making our own investment and trading decisions and we are fully capable of understanding the risks involved. We shouldn't have to take tests or ask permission to use these funds and we definitely should not have to be "high net worth" individuals.