As an investor who has made use of inverse funds, including leveraged funds, over a period of approximately 20 years, I strongly oppose the restrictions and regulation described in this rule with respect to such funds. I am a seasoned investor and am fully capable of evaluating the characteristics, risks, advantages and disadvantages of inverse funds, leveraged or otherwise. I do need a nanny state to decide what investments I should be allowed to purchase. Moreover, it seems apparent that this proposed rule is another ill-advised government effort to impose its will on the securities markets by creating a regulatory bias designed to prop up stock markets based on the illusory concept that government can keep markets from falling by decree through rules such as this one. The markets must be free to adjust to market realities rather than being artificially limited from declines that can be sorely needed and which allow irrational excesses to be worked off. Please do not try to pick winners and losers in the investment realm by seeking to limit, restrict or complicate my investment options. Thank you for your attention.
James Swindler Comment On Regulatory Notice 22-08
As an investor who has made use of inverse funds, including leveraged funds, over a period of approximately 20 years, I strongly oppose the restrictions and regulation described in this rule with respect to such funds. I am a seasoned investor and am fully capable of evaluating the characteristics, risks, advantages and disadvantages of inverse funds, leveraged or otherwise. I do need a nanny state to decide what investments I should be allowed to purchase. Moreover, it seems apparent that this proposed rule is another ill-advised government effort to impose its will on the securities markets by creating a regulatory bias designed to prop up stock markets based on the illusory concept that government can keep markets from falling by decree through rules such as this one. The markets must be free to adjust to market realities rather than being artificially limited from declines that can be sorely needed and which allow irrational excesses to be worked off. Please do not try to pick winners and losers in the investment realm by seeking to limit, restrict or complicate my investment options. Thank you for your attention.