Please don't add additional burdens on investors to invest in products like inverse or leveraged funds. I use these in my own investment strategies and are excellent choices. It removes the need for trading on margin which is important for IRAs. These choices should be available for all investors, not just wealthy people or the so called sophisticated investor. Removing these options will only hurt investors options by not allowing them access to newly created products. All investments have risk. I've seen stocks go to $0 after a company goes bankrupt and investors lose all their money. It's part of the risk one takes. I understand well how these funds work and don't need any special education. Thank you.
Michael Canell Comment On Regulatory Notice 22-08
Please don't add additional burdens on investors to invest in products like inverse or leveraged funds. I use these in my own investment strategies and are excellent choices. It removes the need for trading on margin which is important for IRAs. These choices should be available for all investors, not just wealthy people or the so called sophisticated investor. Removing these options will only hurt investors options by not allowing them access to newly created products. All investments have risk. I've seen stocks go to $0 after a company goes bankrupt and investors lose all their money. It's part of the risk one takes. I understand well how these funds work and don't need any special education. Thank you.