I would call myself a KNOWLEDGEABLE investor. I use a SMALL PERCENTAGE of my investable funds to sometimes buy inverse (or bear market) funds that are leveraged, as these leveraged funds are often the only ones available. I current own shares of SCO (a 2X leveraged bear fund based on the price of oil). While these funds are certainly not for everyone, my ability to invest in them should NOT be restricted. I am all for financial regulation. Let us NOT repeat the financial crisis of 2008. Maybe require each investor who purchases shares in them fill out an online form stating that they know the risks they are taking and are willing to accept these risks. This would be my recommendation. Thank-you!
Kenneth Fry Comment On Regulatory Notice 22-08
I would call myself a KNOWLEDGEABLE investor. I use a SMALL PERCENTAGE of my investable funds to sometimes buy inverse (or bear market) funds that are leveraged, as these leveraged funds are often the only ones available. I current own shares of SCO (a 2X leveraged bear fund based on the price of oil). While these funds are certainly not for everyone, my ability to invest in them should NOT be restricted. I am all for financial regulation. Let us NOT repeat the financial crisis of 2008. Maybe require each investor who purchases shares in them fill out an online form stating that they know the risks they are taking and are willing to accept these risks. This would be my recommendation. Thank-you!