As a former financial advisor of 44 years (now retired), I would like to strongly protest additional regulatory restrictions on the use of leveraged or inversed funds, beyond the regulations that are currently in place. The new proposed regulations are an example of regulatory over-reach and are not needed.
I am pleased and proud of the fact that I never experienced any client complaints during my wonderful and successful advisor.
There have always been, unfortunately, unscrupulous advisors. I dont think this additional level of regulation will be productive and will place a hardship and an unnecessary burden on investors and advisors alike.
Paul Eichwald Comment On Regulatory Notice 22-08
As a former financial advisor of 44 years (now retired), I would like to strongly protest additional regulatory restrictions on the use of leveraged or inversed funds, beyond the regulations that are currently in place. The new proposed regulations are an example of regulatory over-reach and are not needed.
I am pleased and proud of the fact that I never experienced any client complaints during my wonderful and successful advisor.
There have always been, unfortunately, unscrupulous advisors. I dont think this additional level of regulation will be productive and will place a hardship and an unnecessary burden on investors and advisors alike.