I am writing to contest in the strongest possible way your intent to limit investment in leveraged or inverse funds. As adults, it is every American's right to make investment choices on their own. Whether they are smart or dumb choices, regulators have no business acting as nannies for grown adults.
Rather than putting the burden on the individual investor, you should focus on the firms that offer these products to ensure that they are being explicit and straightforward in describing their products so that investors can make informed decisions.
Tim Garlick Comment On Regulatory Notice 22-08
I am writing to contest in the strongest possible way your intent to limit investment in leveraged or inverse funds. As adults, it is every American's right to make investment choices on their own. Whether they are smart or dumb choices, regulators have no business acting as nannies for grown adults.
Rather than putting the burden on the individual investor, you should focus on the firms that offer these products to ensure that they are being explicit and straightforward in describing their products so that investors can make informed decisions.