Michael Hachey Comment On Regulatory Notice 22-08
I lodge my comment on FINRA Regulatory Notice #22-08 opposing the proposed action by FINRA. Investors have legitimate risk management reasons for investing in leveraged and inverse funds as part of their retirement or other plans. Personally, I use these funds to mitigate the risk in my bond portfolios to interest rate increases that negatively impact these fixed income valuations. I understand fully that they work in the reverse when interest rates drop, but it is my responsibility to understand these risks and act accordingly.