Christy Garrett Comment On Regulatory Notice 22-08
Christy Garrett
N/A
Please think about this: the proper place of government regulation of investing is to make markets honest....to prevent one party from cheating or stealing from another. So for example, you could enforce honest prospectus language. Another appropriate regulation would be to ensure an equal playing ground for all investors. Regulations could support every investor's access to these funds and not just an elite group. Guess what - all investing is risky. All of it. Even the investments considered "safe", such as money market funds or treasuries, have risks (erosion by inflation). If you want to, place a warning on the leveraged high risk funds. That's enough. We are grownups. If you "protect" a certain group from the risk, you also restrict that group from the powerful reward of these funds. That is not right.
Christy Garrett Comment On Regulatory Notice 22-08
Please think about this: the proper place of government regulation of investing is to make markets honest....to prevent one party from cheating or stealing from another. So for example, you could enforce honest prospectus language. Another appropriate regulation would be to ensure an equal playing ground for all investors. Regulations could support every investor's access to these funds and not just an elite group. Guess what - all investing is risky. All of it. Even the investments considered "safe", such as money market funds or treasuries, have risks (erosion by inflation). If you want to, place a warning on the leveraged high risk funds. That's enough. We are grownups. If you "protect" a certain group from the risk, you also restrict that group from the powerful reward of these funds. That is not right.