I urge FINRA to continue with the existing policy that allows leveraged inverse funds to be treated as any other publicly tradable ETF fund.
Individual investors/retail investors should have the freedom of choice to engage in risky, short-term heavy assets.
The risks are already communicated in existing shareholder comms and broker dealings. Also most investors in these funds probably have a sense of what they're doing as they're relatively more obscure to non-financial professionals, and there's plenty of awareness growing about the risks of holding them long term.
Also , I'm concerned that denying individual investors the ability to invest in such funds will actual have the effect of furthering economic inequality in a way that is social and politically dangerous and detrimental. Limiting L&I funds to institutional access only would give orgs with preexisting means and capital more leverage, while shutting out average everyday investors, which would end up fueling more economic inequality.
Wesley Hurd Comment On Regulatory Notice 22-08
Comments:
I urge FINRA to continue with the existing policy that allows leveraged inverse funds to be treated as any other publicly tradable ETF fund.
Individual investors/retail investors should have the freedom of choice to engage in risky, short-term heavy assets.
The risks are already communicated in existing shareholder comms and broker dealings. Also most investors in these funds probably have a sense of what they're doing as they're relatively more obscure to non-financial professionals, and there's plenty of awareness growing about the risks of holding them long term.
Also , I'm concerned that denying individual investors the ability to invest in such funds will actual have the effect of furthering economic inequality in a way that is social and politically dangerous and detrimental. Limiting L&I funds to institutional access only would give orgs with preexisting means and capital more leverage, while shutting out average everyday investors, which would end up fueling more economic inequality.