Leveraged and inverse funds are a critical part of my investment portfolio. I use them primarily for hedging my portfolio which is of vital importance in this volatile market. Limiting access to these funds by requiring a min. net worth or special approval, passing a test, etc. reduces wealth building opportunities for lower- and middle-income people who need them more. Imposing these restrictions is discriminatory.
Pamela Walker Comment On Regulatory Notice 22-08
Leveraged and inverse funds are a critical part of my investment portfolio. I use them primarily for hedging my portfolio which is of vital importance in this volatile market. Limiting access to these funds by requiring a min. net worth or special approval, passing a test, etc. reduces wealth building opportunities for lower- and middle-income people who need them more. Imposing these restrictions is discriminatory.