As an educated individual investor, I should be able to make investment decisions that are right for me and my family. I have a bachelors in engineering and a MBA. I shouldn't have to go through a special test before I can invest in public securities such as inverse and leveraged funds.
Leveraged and inverse funds are important part of my investment strategies. I use both leverage and inverse funds to protect (hedge) my investments and to seek enhanced returns. I use them on a limited basis as is appropriate for my risk tolerance and within my overall investing framework.
Steve Henry Comment On Regulatory Notice 22-08
As an educated individual investor, I should be able to make investment decisions that are right for me and my family. I have a bachelors in engineering and a MBA. I shouldn't have to go through a special test before I can invest in public securities such as inverse and leveraged funds.
Leveraged and inverse funds are important part of my investment strategies. I use both leverage and inverse funds to protect (hedge) my investments and to seek enhanced returns. I use them on a limited basis as is appropriate for my risk tolerance and within my overall investing framework.