These proposed regulations are outrageous. In a time when markets are posed to melt down, what other hedge does the average investor have but leveraged and inverse funds? These funds are not difficult to understand, certainly no more difficult than the average vastly overvalued equity or byzantine mutual fund.
This seems like a way of preventing normal investors from protecting ourselves in tumultuous times, not a way of protecting normal investors.
The US financial system -- including the dollar itself -- is losing all credibility for various reasons, and an action like this does nothing to bolster credibility. Freedom to invest one's own money as one sees fit is a critical component of monetary validity.
Please do not further deteriorate the legitimacy of US finance by adding this unnecessary and unfair regulation.
Charles Linart Comment On Regulatory Notice 22-08
These proposed regulations are outrageous. In a time when markets are posed to melt down, what other hedge does the average investor have but leveraged and inverse funds? These funds are not difficult to understand, certainly no more difficult than the average vastly overvalued equity or byzantine mutual fund.
This seems like a way of preventing normal investors from protecting ourselves in tumultuous times, not a way of protecting normal investors.
The US financial system -- including the dollar itself -- is losing all credibility for various reasons, and an action like this does nothing to bolster credibility. Freedom to invest one's own money as one sees fit is a critical component of monetary validity.
Please do not further deteriorate the legitimacy of US finance by adding this unnecessary and unfair regulation.