It is very important to me to make my own investment decisions, not have them made for me. I want to retain every opportunity to make any type of investment I choose. I've purchased inverse and leveraged funds without excessive risk and have made a profit. One shouldn't have to be wealthy to have the "privilege" of the full range of investment opportunities. It's wrong to close most people off and require "testing" to see if you're competent. If regulators are going to close off opportunities, why not go further and guarantee the investments they do allow. Life is a risk! Adults take risk.
John Kubczak Comment On Regulatory Notice 22-08
It is very important to me to make my own investment decisions, not have them made for me. I want to retain every opportunity to make any type of investment I choose. I've purchased inverse and leveraged funds without excessive risk and have made a profit. One shouldn't have to be wealthy to have the "privilege" of the full range of investment opportunities. It's wrong to close most people off and require "testing" to see if you're competent. If regulators are going to close off opportunities, why not go further and guarantee the investments they do allow. Life is a risk! Adults take risk.