Mark Newton Comment On Regulatory Notice 22-08
IMO this is excessive overreach by regulators. There is very little about leveraged or inverse funds that is any more complicated than their ordinary counterparts or mutual funds. I would venture to estimate that fewer than 1% of mutual fund owners could name the top three holdings in any mutual fund they have. Most of these inverse funds are even simpler: they have basically ONE holding. How is this somehow more confusing to investors?