I find it VERY intrusive and limiting to deny individuals with small capital the opportunity to invest in leveraged funds. These funds are professionally managed, providing defined risks to the investor, and should be viewed no differently than a mutual fund with risk and reward based upon a fixed investment strategy that actually limits risk to the investor while providing access to securities that DO require certain pre-conditions like minimum capital to invest. Thats what the FUND does!
How about regulating penny stocks? They are FAR MORE RISKY and yet get away with completely phony businesses sucking away naive investors money every day in the market.
Ridiculous!
John Frick Comment On Regulatory Notice 22-08
I find it VERY intrusive and limiting to deny individuals with small capital the opportunity to invest in leveraged funds. These funds are professionally managed, providing defined risks to the investor, and should be viewed no differently than a mutual fund with risk and reward based upon a fixed investment strategy that actually limits risk to the investor while providing access to securities that DO require certain pre-conditions like minimum capital to invest. Thats what the FUND does!
How about regulating penny stocks? They are FAR MORE RISKY and yet get away with completely phony businesses sucking away naive investors money every day in the market.
Ridiculous!