Leveraged and inverse funds are a critical part of my overall investment strategy. I use them in a small percentage of my total portfolio to hedge my other positions. I have the right to make these investment decisions myself and you (the regulators) must not take this right away from me. You could instead focus your time on actually enforcing existing regulations on your friends in Wall St. hedge funds.
George Noffs Comment On Regulatory Notice 22-08
Leveraged and inverse funds are a critical part of my overall investment strategy. I use them in a small percentage of my total portfolio to hedge my other positions. I have the right to make these investment decisions myself and you (the regulators) must not take this right away from me. You could instead focus your time on actually enforcing existing regulations on your friends in Wall St. hedge funds.