We don't need any more paternalism in the financial markets! My brokers (Schwab and Fidelity) provide ample warnings about investing in leveraged or inverse funds. I don't need a regulatory agency holding my hand as well. You cannot regulate away stupidity. There will always be people who lose their shirts by making stupid investments. I have a relatively small stake in a single leveraged ETF, and I do not need anyone else monitoring me if I decide to increase or decrease my investment or make an investment in a different leveraged fund. The market is chock full of crappy products, speculative products, and good products. Regulators should not take the position of picking and choosing among them for investors--or "guiding" investors in their asset allocations. Please, LEAVE ME ALONE!
Robert Adams Comment On Regulatory Notice 22-08
We don't need any more paternalism in the financial markets! My brokers (Schwab and Fidelity) provide ample warnings about investing in leveraged or inverse funds. I don't need a regulatory agency holding my hand as well. You cannot regulate away stupidity. There will always be people who lose their shirts by making stupid investments. I have a relatively small stake in a single leveraged ETF, and I do not need anyone else monitoring me if I decide to increase or decrease my investment or make an investment in a different leveraged fund. The market is chock full of crappy products, speculative products, and good products. Regulators should not take the position of picking and choosing among them for investors--or "guiding" investors in their asset allocations. Please, LEAVE ME ALONE!