I understand the risks associated with these products which ALREADY are more than well documented in disclosures by both the Broker and the Funds that that issue them. Because I am borderline High Net Worth individual, shouldn't mean I, nor any of the general public should not have access to these inverse and leveraged tools to properly hedge risks in our portfolios. Using these tools can be extremely important to balance risks in the market, and gives readily available access to markets that many would not, such as commodities. I appreciate that FINRA does require them to have disclosures tied to them, but No, I do not think restricting access to them does anyone any productive service and will result in more harm than good. The current disclosures are sufficient.
Brett Beerer Comment On Regulatory Notice 22-08
I understand the risks associated with these products which ALREADY are more than well documented in disclosures by both the Broker and the Funds that that issue them. Because I am borderline High Net Worth individual, shouldn't mean I, nor any of the general public should not have access to these inverse and leveraged tools to properly hedge risks in our portfolios. Using these tools can be extremely important to balance risks in the market, and gives readily available access to markets that many would not, such as commodities. I appreciate that FINRA does require them to have disclosures tied to them, but No, I do not think restricting access to them does anyone any productive service and will result in more harm than good. The current disclosures are sufficient.