It is not the job of FINRA to determine what investments are "proper and allowable" for individuals - that is OUR choice! I use inverse funds to mitigate potential losses from our equity investments - so we can build an equity portfolio but limit potential losses during market swoons by balancing some of the equity positions with inverse funds without having to adjust our equity portfolio. The attempt of FINRA to limit, eliminate, or require any "tests" to prevent such FREEDOM is just another form of unnecessary government intervention!
Kyle Kimel Comment On Regulatory Notice 22-08
It is not the job of FINRA to determine what investments are "proper and allowable" for individuals - that is OUR choice! I use inverse funds to mitigate potential losses from our equity investments - so we can build an equity portfolio but limit potential losses during market swoons by balancing some of the equity positions with inverse funds without having to adjust our equity portfolio. The attempt of FINRA to limit, eliminate, or require any "tests" to prevent such FREEDOM is just another form of unnecessary government intervention!