I oppose the proposed new FINRA regulations that would restrict investment in leveraged and inverse funds. They are an important part of many investors portfolios, with good reason, as they can help maintain financial stability (as in recent months). Also the definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities.
Lee Brewda Comment On Regulatory Notice 22-08
I oppose the proposed new FINRA regulations that would restrict investment in leveraged and inverse funds. They are an important part of many investors portfolios, with good reason, as they can help maintain financial stability (as in recent months). Also the definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities.