I oppose rule #S7-24-15 as it should be up to the public, not regulators to decide what investments suit them and their risk tolerance. We are capable of understanding leveraged funds and their risks, and regulators do not need to impose processes that treat us as though we are incapable. I use leveraged funds as a small percentage of my portfolio to introduce additional limited risk that has the potential to bring greater returns over time; removing these funds would limit my ability to do this without substantially further risk through the use of margin loans or something similar which is outside of my risk tolerance.
Collin Speight Comment On Regulatory Notice 22-08
I oppose rule #S7-24-15 as it should be up to the public, not regulators to decide what investments suit them and their risk tolerance. We are capable of understanding leveraged funds and their risks, and regulators do not need to impose processes that treat us as though we are incapable. I use leveraged funds as a small percentage of my portfolio to introduce additional limited risk that has the potential to bring greater returns over time; removing these funds would limit my ability to do this without substantially further risk through the use of margin loans or something similar which is outside of my risk tolerance.