my previous submission got out before it was finished. Inverse and leveraged funds provide an essential tool for retail investors to balance and hedge a portfolio at reasonable cost. It is impractical - and in some cases impossible - to effect short sales in a retail broker account. Having a ready tool to be able to reduce the market exposure in a portfolio is an essential part of investing for a person like me. Add to the required disclosures, but let individual make decisions for themselves, without some arbitrary testing scheme.
Michael Price Comment On Regulatory Notice 22-08
my previous submission got out before it was finished. Inverse and leveraged funds provide an essential tool for retail investors to balance and hedge a portfolio at reasonable cost. It is impractical - and in some cases impossible - to effect short sales in a retail broker account. Having a ready tool to be able to reduce the market exposure in a portfolio is an essential part of investing for a person like me. Add to the required disclosures, but let individual make decisions for themselves, without some arbitrary testing scheme.