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Phil Mueller Comment On Regulatory Notice 22-08

Phil Mueller
N/A

We not regulators should be able to choose the public
investments that are right for us and our family.
Public investments should be available to all of the public,
not just the privileged.

Not only do we have the right to share our views,
but the regulators are required to take our comments into
consideration in deciding whether to move forward.

LIST OF INVESTMENTS THAT MAY BE AT RISK:
Target Date Funds
Non-Traditional Index Funds (Smart Beta + ESG)
Emerging Market Funds
High Yield Bond Funds
Closed-end Funds
Commodity Funds
Cryptocurrency Funds
Unconstrained Bond Funds
Floating-rate/Leveraged Loan Funds
Leveraged/Inverse Products
Interval Funds
Global Real Estate Funds
ETNs
Variable Annuities
Defined Outcome ETFs
Volatility-Linked Funds
Currency Funds
Funds using cryptocurrency futures
Non-traded REITs
Business Development Companies
Opportunistic and Tactical, Multi-Strategy Funds
Funds using derivatives for hedging or leverage
Principal Protected Notes
Structured Notes
Asset-Backed Securities
Funds Selling Short
Start-up Company (IPO) Funds
Funds Investing in Unlisted Securities
Distressed Debt Funds
Absolute Return Funds
Finds of Hedge Funds
Reverse Convertible Notes
Market-linked CDs
Range Accrual Notes
Insurance-Linked Securities

We shouldn't have to go through any special process
like passing a test before we can invest in public securities, like leveraged and inverse funds. We are capable of understanding leveraged and inverse funds
and their risks. We do not need these measures imposed on us.
Leveraged and inverse funds are important to my
investment strategies.