Michael Kittrell Comment On Regulatory Notice 22-08
MICHAEL KITTRELL
N/A
I disagree with the proposed rule in FINRA Regulatory Notice #22-08. 1. I should be able to invest in public securities as an individual investor, including leveraged and inverse funds without any barriers. 2. Brokerages can provide disclaimers, notices, and education to individuals however, these should not be a condition for investment or used as a barrier to entry. 3. Regulatory oversight should be limited to the objective of ensuring that leveraged and inverse funds send a detailed prospective and comprehensive fund descriptions with the objective of clarifying the nature and design of the fund, explaining the risks involved with investing in the fund, illustrating the heightened risks, and to educate against any false assumptions about how the fund might behave in certain financial scenarios. 4. Leveraged and inverse funds should not be limited to professional financial investors. 5. Leveraged and inverse funds should not be restricted to individuals of certain wealth limits. Thank you for listening to my comments!
Michael Kittrell Comment On Regulatory Notice 22-08
I disagree with the proposed rule in FINRA Regulatory Notice #22-08. 1. I should be able to invest in public securities as an individual investor, including leveraged and inverse funds without any barriers. 2. Brokerages can provide disclaimers, notices, and education to individuals however, these should not be a condition for investment or used as a barrier to entry. 3. Regulatory oversight should be limited to the objective of ensuring that leveraged and inverse funds send a detailed prospective and comprehensive fund descriptions with the objective of clarifying the nature and design of the fund, explaining the risks involved with investing in the fund, illustrating the heightened risks, and to educate against any false assumptions about how the fund might behave in certain financial scenarios. 4. Leveraged and inverse funds should not be limited to professional financial investors. 5. Leveraged and inverse funds should not be restricted to individuals of certain wealth limits. Thank you for listening to my comments!