I have been successfully managing my investments for decades. Leveraged and inverse funds have been an effective tool for me, especially in this volatile environment. I would have been at a disadvantage if I was not able to use these tools as hedges especially for my long positions that I have held for years, and which would cause an expensive tax event if I had to sell them. I hope that FINRA will not remove them from the individual investor. The information available to the investor describes the effective uses of leveraged and inverse funds, and I hope you will not take away from the individual investor.
Elliot Cole Comment On Regulatory Notice 22-08
I have been successfully managing my investments for decades. Leveraged and inverse funds have been an effective tool for me, especially in this volatile environment. I would have been at a disadvantage if I was not able to use these tools as hedges especially for my long positions that I have held for years, and which would cause an expensive tax event if I had to sell them. I hope that FINRA will not remove them from the individual investor. The information available to the investor describes the effective uses of leveraged and inverse funds, and I hope you will not take away from the individual investor.