Howard Fleming Comment On Regulatory Notice 22-08
I am writing to object to the subject proposed regulations. I do not believe an investor should have to go through any special process such as passing a competency test before one can invest in public securities such as leveraged or inverse funds. As with any investment, one is PERSONALLY responsible for understanding the goals and objectives by which the fund operates and the inherent risks in that particular investment. Leveraged and inverse funds and especially risk prone but such opportunities are needed to leverage one's portfolio.