I should be able to freely choose the public investments that are right for me. Not regulators. Public investments should be available to all of the public, not just the privileged.
I have been managing my own investments for 30 years, and I shouldn't have to go through any special process like passing a test before I can invest in public securities like leveraged and inverse funds. I am already capable of understanding leveraged and inverse funds and their risks, I do not need these measures imposed on me.
Leveraged and inverse funds are important to my investment strategy. I use leveraged funds to outperform the market, and I use inverse funds to hedge against downside risk. As with all of my investments, I only use them as a small portion of my overall portfolio.
Judd Hall Comment On Regulatory Notice 22-08
I should be able to freely choose the public investments that are right for me. Not regulators. Public investments should be available to all of the public, not just the privileged.
I have been managing my own investments for 30 years, and I shouldn't have to go through any special process like passing a test before I can invest in public securities like leveraged and inverse funds. I am already capable of understanding leveraged and inverse funds and their risks, I do not need these measures imposed on me.
Leveraged and inverse funds are important to my investment strategy. I use leveraged funds to outperform the market, and I use inverse funds to hedge against downside risk. As with all of my investments, I only use them as a small portion of my overall portfolio.