I am an individual investor who believes a person should not need to go through a special process before being allowed to invest in public securities. To invest is to be aware that markets fluctuate and carry inherent risk -- any serious investor learns this quickly. I should not have to jump through hoops or demonstrate I have an arbitrary net worth before investing in leveraged or inverse funds. My brokerage firms already require me to affirm that such funds carry higher risk and I could potentially lose my investment, and I already have plenty of opportunity to educate myself about how these funds work and what the risks are. That said, as part of a diverse portfolio, having a subset of my investment capital in leveraged funds has allowed me to grow my portfolio rapidly over a much shorter time horizon. Do not restrict this tool.
Vikash Mishra Comment On Regulatory Notice 22-08
I am an individual investor who believes a person should not need to go through a special process before being allowed to invest in public securities. To invest is to be aware that markets fluctuate and carry inherent risk -- any serious investor learns this quickly. I should not have to jump through hoops or demonstrate I have an arbitrary net worth before investing in leveraged or inverse funds. My brokerage firms already require me to affirm that such funds carry higher risk and I could potentially lose my investment, and I already have plenty of opportunity to educate myself about how these funds work and what the risks are. That said, as part of a diverse portfolio, having a subset of my investment capital in leveraged funds has allowed me to grow my portfolio rapidly over a much shorter time horizon. Do not restrict this tool.