Limiting investors in any manner from public market participation - whether in leveraged or inverse funds - is a terrible concept which runs counter to maintaining liquid, free and open capital markets. Brokerage firms and RIAs already are adept at advising clients as to the suitability of investments, and investors should not be precluded from participating in such public market investments generally nor should they be exposed to the type of requirements typically imposed on them before they can participate in private market alternatives.
Kyle Gore Comment On Regulatory Notice 22-08
Limiting investors in any manner from public market participation - whether in leveraged or inverse funds - is a terrible concept which runs counter to maintaining liquid, free and open capital markets. Brokerage firms and RIAs already are adept at advising clients as to the suitability of investments, and investors should not be precluded from participating in such public market investments generally nor should they be exposed to the type of requirements typically imposed on them before they can participate in private market alternatives.