Jonathan Schmidt-Swartz Comment On Regulatory Notice 22-08
Most people completely understand all the risks inherent in leveraged and inverse funds. Brokerages provide notices for people who do not understand them as a warning (which should be enough!) and it should be an investors responsibility to know what they are investing into. I hold a PhD and know the risks inherent in these types of investments and I think the proposed rule is unnecessary and makes investing more exclusive then it already is. I use these tools to trade in ways that allows me to hedge my portfolio.