I have been investing using leveraged and inverse funds for some time now. These funds allow me to protect my portfolio without going to a pure cash position when the fed creates a downturn in the economic cycle. It has been especially critical in the last 9 months. The government will also lose taxes on these gains when the markets are in a decline if restrictions are put in place. I already have to read and sign a statement of information and understanding as required by my brokerages before trading in these securities, this proposal is overkill and I oppose its adoption.
Edmund Kirker Comment On Regulatory Notice 22-08
I have been investing using leveraged and inverse funds for some time now. These funds allow me to protect my portfolio without going to a pure cash position when the fed creates a downturn in the economic cycle. It has been especially critical in the last 9 months. The government will also lose taxes on these gains when the markets are in a decline if restrictions are put in place. I already have to read and sign a statement of information and understanding as required by my brokerages before trading in these securities, this proposal is overkill and I oppose its adoption.