I feel that I am well aware of the particular risks and benefits that are involved in leveraged and inverse funds. In view of the ever changing policies of the Federal Reserve regarding interest rates and so-called "tightening" of their monetary strategies, I find it imperative that I have the flexibility to invest defensively. Leveraged and inverse funds allow me to have the discretion to invest accordingly -- i.e. hedge my portfolio in order to seek enhanced returns. I have been involved in investing both professionally, and personally, for close to forty years. I feel more than qualified to assess the risks of leveraged and inverse funds. I do not require any particular oversight (or restrictions) from FINRA regulators. Thank you for your consideration in this matter.
James Jeffrey Comment On Regulatory Notice 22-08
I feel that I am well aware of the particular risks and benefits that are involved in leveraged and inverse funds. In view of the ever changing policies of the Federal Reserve regarding interest rates and so-called "tightening" of their monetary strategies, I find it imperative that I have the flexibility to invest defensively. Leveraged and inverse funds allow me to have the discretion to invest accordingly -- i.e. hedge my portfolio in order to seek enhanced returns. I have been involved in investing both professionally, and personally, for close to forty years. I feel more than qualified to assess the risks of leveraged and inverse funds. I do not require any particular oversight (or restrictions) from FINRA regulators. Thank you for your consideration in this matter.