FINRA administrator: I am writing to urge you to not infringe on my ability to direct my own investments, particularly regarding inverse or so-called "bear" funds. We have governmental bodies and procedures in place to determine if a person is mentally fit to manage their own affairs. Barring a determination that I am unfit to do so, I should have every right to invest my assets in the nature I deem most suitable to my own unique needs -- both within and outside of a 401k, 403b, or other similar plan. This includes access to funds that would allow me to employ risk management strategies including leveraged and inverse or "bear" funds. Limiting the types of options available to investors would not solve purported problems and would exacerbating other issues.
Matthew Cline Comment On Regulatory Notice 22-08
FINRA administrator: I am writing to urge you to not infringe on my ability to direct my own investments, particularly regarding inverse or so-called "bear" funds. We have governmental bodies and procedures in place to determine if a person is mentally fit to manage their own affairs. Barring a determination that I am unfit to do so, I should have every right to invest my assets in the nature I deem most suitable to my own unique needs -- both within and outside of a 401k, 403b, or other similar plan. This includes access to funds that would allow me to employ risk management strategies including leveraged and inverse or "bear" funds. Limiting the types of options available to investors would not solve purported problems and would exacerbating other issues.