James Black Comment On Regulatory Notice 22-08
I'm writing to register my concern over and strong opposition to proposed FINRA regulations forbidding average citizens from investing in leveraged and inversely correlated mutual funds.
Removing access to such funds will severely restrict the strategies I have used, for years, to hedge my securities portfolio and insure against economic downturns. These tools have allowed me to smooth my portfolio returns, over the long term, and eliminating my access to them will expose my portfolio to greater, not lesser, risk.