To whom it may concern, FINRA's current effort to seek restrictions around "Complex Products" appears to fall into the category of "fixing something that isn't broken." This is something the government often appears to excel in and in this instance reads as a rather arbitrary and capricious effort to restrict access to investment choices. As a rule, I vehemently oppose such regulation. The investor should be able to choose the public investments that are proper for one's portfolio, the regulators should NOT be involved other than insuring that everyone is behaving in a legal and ethical manner. Further, there should be no special process required to have access to these investment options. I for one, am a seasoned investor with decades of experience and I find it quite insulting that government bureaucrats believe they know what is best for me. Leveraged and inverse funds play a crucial role in my investment strategies. By using leveraged index ETFs I have had the opportunity to experience enhanced returns while limiting risk through measured apportionment and timing discipline. We have survived many decades with other investment vehicles such as options trading and never required further restrictions. We should not be thinking of starting down that path now. We have entered an era where the volume of investment information available has risen tremendously and with it so has the overall knowledge level of investors. Please DO NOT impose further restrictions, requirements or regulations on leveraged and inverse funds.
Steve Nelson Comment On Regulatory Notice 22-08
To whom it may concern, FINRA's current effort to seek restrictions around "Complex Products" appears to fall into the category of "fixing something that isn't broken." This is something the government often appears to excel in and in this instance reads as a rather arbitrary and capricious effort to restrict access to investment choices. As a rule, I vehemently oppose such regulation. The investor should be able to choose the public investments that are proper for one's portfolio, the regulators should NOT be involved other than insuring that everyone is behaving in a legal and ethical manner. Further, there should be no special process required to have access to these investment options. I for one, am a seasoned investor with decades of experience and I find it quite insulting that government bureaucrats believe they know what is best for me. Leveraged and inverse funds play a crucial role in my investment strategies. By using leveraged index ETFs I have had the opportunity to experience enhanced returns while limiting risk through measured apportionment and timing discipline. We have survived many decades with other investment vehicles such as options trading and never required further restrictions. We should not be thinking of starting down that path now. We have entered an era where the volume of investment information available has risen tremendously and with it so has the overall knowledge level of investors. Please DO NOT impose further restrictions, requirements or regulations on leveraged and inverse funds.