I am writing to oppose any further regulation on leveraged and inverse investment products. Individual investors like myself have access to prospectus documents, we can read how the product operates, and we know that all investments in the stock and bond markets come with risks. Who is clamoring for this regulation, besides regulators? You might prevent 1% of investors from making a mistake, but at a HUGE COST to the brokerage firms that would have to administer this program, and a big pain [REDACTED] for millions of investors that already know what is going on, and where to find additional information if they need it. This is using a sledge hammer to kill a fly. DON'T DO IT!
Richard Comeau On Regulatory Notice 22-08
I am writing to oppose any further regulation on leveraged and inverse investment products. Individual investors like myself have access to prospectus documents, we can read how the product operates, and we know that all investments in the stock and bond markets come with risks. Who is clamoring for this regulation, besides regulators? You might prevent 1% of investors from making a mistake, but at a HUGE COST to the brokerage firms that would have to administer this program, and a big pain [REDACTED] for millions of investors that already know what is going on, and where to find additional information if they need it. This is using a sledge hammer to kill a fly. DON'T DO IT!