Michael Lenker Comment On Regulatory Notice 22-08
Proposed limits on access to leveraged and inverse funds have no place in a public market. Individual investors are the appropriate judges of these investments' suitability for their particular investment plans. Plenty of sound advice is available for newbies, if needed, at a reasonable cost. The US regulatory regime is already outrageous, handicapping US citizens compared to nationals of other Western nations. Many foreign institutions refuse to deal with us at all, because of the reporting burden you place on them.