I have been investing in leveraged and inverse funds for well over a decade and am very happy with my results. I do not believe I need to take a test so that I can invest in these funds nor do I believe one should have millions of dollars before being allowed to use these instruments. They are important to my overall investment strategy in order to enhance my returns as well as to hedge other investments during times when the market is uncertain in its direction. There should not be restrictions on investors for using these funds. Investors should be able to determine that for themselves.
Leland Austin Comment On Regulatory Notice 22-08
I have been investing in leveraged and inverse funds for well over a decade and am very happy with my results. I do not believe I need to take a test so that I can invest in these funds nor do I believe one should have millions of dollars before being allowed to use these instruments. They are important to my overall investment strategy in order to enhance my returns as well as to hedge other investments during times when the market is uncertain in its direction. There should not be restrictions on investors for using these funds. Investors should be able to determine that for themselves.