Ernest Downes Comment On Regulatory Notice 22-08
FINRA regulators: Please do not add additional regulation to leveraged and inverse funds as proposed in rule #S7-24-15: Why? 1. These are ALREADY public products APPROVED by the SEC and INCLUDE clear risk warnings. Why impose higher hurdles that would PRECLUDE my ability to use these products. I am specifically concerned about the condition to demonstrate high net worth as I am a small investor. 2. As a small investor, I use these products to HEDGE and protect my position during bear markets or during periods of high volatility.