The proposed regulations to restrict individual investors' ability to buy leveraged and inverse funds are not acceptable. We do not need anyone to determine which investments we can consider and purchase. We are capable of doing the necessary due diligence and do not need your supervision other than to make sure we receive factual information.
Any investment available to some investors should be available to all investors rather than just a privileged few.
Making us jump through hoops such as taking a test is neither necessary or acceptable.
My success as an investor is due in large part to my use of leveraged and inverse funds over the past ten years.
Peter Nikolai Comment On Regulatory Notice 22-08
The proposed regulations to restrict individual investors' ability to buy leveraged and inverse funds are not acceptable. We do not need anyone to determine which investments we can consider and purchase. We are capable of doing the necessary due diligence and do not need your supervision other than to make sure we receive factual information.
Any investment available to some investors should be available to all investors rather than just a privileged few.
Making us jump through hoops such as taking a test is neither necessary or acceptable.
My success as an investor is due in large part to my use of leveraged and inverse funds over the past ten years.