To Whom it may concern: I do not think any obstacles (or new/further obstacles) should be placed between investors of all kinds and the ability to buy leveraged and inverse funds, and other types of products that allow investors to bet not only for, but also against, various securities, sectors of the market, debt instruments, etc. It seems misguided and troubling towards a bias that markets always go up to limit investors without certain qualifications from buying products that could help them hedge exposure, bet against companies or indices, make bets to protect against various possible outcomes, etc. As a small investor myself I greatly appreciate and find valuable the flexibility to hedge exposure and to protect my wealth via betting not only for but also against, and making all of these bets and investments using leverage (potentially via leveraged funds) where appropriate.
Eli Schwartz Comment On Regulatory Notice 22-08
To Whom it may concern: I do not think any obstacles (or new/further obstacles) should be placed between investors of all kinds and the ability to buy leveraged and inverse funds, and other types of products that allow investors to bet not only for, but also against, various securities, sectors of the market, debt instruments, etc. It seems misguided and troubling towards a bias that markets always go up to limit investors without certain qualifications from buying products that could help them hedge exposure, bet against companies or indices, make bets to protect against various possible outcomes, etc. As a small investor myself I greatly appreciate and find valuable the flexibility to hedge exposure and to protect my wealth via betting not only for but also against, and making all of these bets and investments using leverage (potentially via leveraged funds) where appropriate.