I am an accredited investor, and I am asking you to reconsider restrictions on leveraged funds. My investing expenses would dramatically increase due to destruction of liquidity. I can move to options or other products but again they are more expensive. The proposed change increases investing costs for anyone making sensible portfolio choices. Leveraged funds are a powerful tool when properly used as a part of a larger investing strategy. If investor education is felt to be inadequate, provide education by making the contents of the form prospectus painfully obvious. But dont prohibit access to the products out of fear. People can and do already go to Robinhood or webull to gamble on stocks if they wait to gamble. These leveraged products are not the problem. They do not need to be restricted.
John Taylor Comment On Regulatory Notice 22-08
I am an accredited investor, and I am asking you to reconsider restrictions on leveraged funds. My investing expenses would dramatically increase due to destruction of liquidity. I can move to options or other products but again they are more expensive. The proposed change increases investing costs for anyone making sensible portfolio choices. Leveraged funds are a powerful tool when properly used as a part of a larger investing strategy. If investor education is felt to be inadequate, provide education by making the contents of the form prospectus painfully obvious. But dont prohibit access to the products out of fear. People can and do already go to Robinhood or webull to gamble on stocks if they wait to gamble. These leveraged products are not the problem. They do not need to be restricted.