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Jeffrey Kania Comment On Regulatory Notice 22-08

Jeffrey Kania
N/A

Inverse and leveraged funds are important to me as they provide me a way to protect my portfolio when volatility spikes. It acts as balast when things go too far to one side. If we did not have access to these products, what is the individual supposed to do? Sell off your portfolio then try to time the market and buy in after the volatility calms?

These products act (in a way) as portfolio insurance. Restricting the use of these products is putting average Joe investors at a great disadvantage. With no way to protect against down turns other than selling out and timimg the market. That is so much more difficult and risky than protecting investments with an inverse fund.

Please don't tie our hands or force us to limit our ability to stay in the market.