To Whom It May Concern - I consider the proposed FINRA restrictions to Leveraged and Inverse funds to be yet another example of the Nanny State coming to the rescue of individuals that the government and their agencies feel the need to protect. I for one am more than capable of understanding the risks of these investment vehicles and want NO restrictions on my investment strategy. L&I funds are excellent short term alternatives for volatile markets (such as early 2022) and are especially useful as hedges to the larger percentage of more traditional equity positions. These funds have a place - albeit a minor one - in my portfolio and the principles of a free market would unduly suffer should such investment alternatives be restricted to a select few. Those select few who are, coincidentally enough, chosen by the very agency trying to take away my right to manage my portfolio in a manner I see fit.
Mark Rafter Comment On Regulatory Notice 22-08
To Whom It May Concern - I consider the proposed FINRA restrictions to Leveraged and Inverse funds to be yet another example of the Nanny State coming to the rescue of individuals that the government and their agencies feel the need to protect. I for one am more than capable of understanding the risks of these investment vehicles and want NO restrictions on my investment strategy. L&I funds are excellent short term alternatives for volatile markets (such as early 2022) and are especially useful as hedges to the larger percentage of more traditional equity positions. These funds have a place - albeit a minor one - in my portfolio and the principles of a free market would unduly suffer should such investment alternatives be restricted to a select few. Those select few who are, coincidentally enough, chosen by the very agency trying to take away my right to manage my portfolio in a manner I see fit.