Restricting retail investors' access to complex financial products reproduces an elite class of investors who can play by different rules than the average Joe. The proposed regulations seek to means-test and require convoluted checks which inherently restrict access to and mitigate the accessibility of smaller investors like myself to financial products that are an integral part of my personal investment strategy. Leveraged funds allow me to pursue aggressive, enhanced returns and I as an informed investor am well-aware of the risks that accompany them. These patronizing regulations treat investors like children and limit our financial freedom in the name of protection. Passing such regulations constitutes an act of restricting my freedom as an investor, and may cause me to rethink how I allocate my investments and whether I wish to continue supporting US based financial products.
Chase Lovgren Comment On Regulatory Notice 22-08
Restricting retail investors' access to complex financial products reproduces an elite class of investors who can play by different rules than the average Joe. The proposed regulations seek to means-test and require convoluted checks which inherently restrict access to and mitigate the accessibility of smaller investors like myself to financial products that are an integral part of my personal investment strategy. Leveraged funds allow me to pursue aggressive, enhanced returns and I as an informed investor am well-aware of the risks that accompany them. These patronizing regulations treat investors like children and limit our financial freedom in the name of protection. Passing such regulations constitutes an act of restricting my freedom as an investor, and may cause me to rethink how I allocate my investments and whether I wish to continue supporting US based financial products.