I write to oppose this proposed regulation. Baring the little guy, the average American, from having the same investment tools as the sophisticated institutional investors only perpetuates keeping the poor poor and the rich rich. It flies in the face of our capitalist system. It does nothing to "protect" investors. As an investor I could legally go to Vegas and lose every penny in a casino overnight, but this regulation would prevent me from investing in an SEC regulated and approved, fairly commonplace investment strategy. I and not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. 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. Most American investors are fully capable of understanding leveraged and inverse funds and their risks, as much as any other investment. Retail investors do not need these measures imposed on us. Leveraged and inverse funds are important to my investment strategies. Taking this away would remove a wealth creation strategy and tool away from me, while allowing others to still use it. This is fundamentally unfair and inequitable. Leverage and inverse funds help me personally protect or hedge my investments or seek enhanced returns during downturns. While these strategies are a small part of my portfolio, they are a critical part. DO NOT TAKE THEM AWAY.
Matthew Clark Comment On Regulatory Notice 22-08
I write to oppose this proposed regulation. Baring the little guy, the average American, from having the same investment tools as the sophisticated institutional investors only perpetuates keeping the poor poor and the rich rich. It flies in the face of our capitalist system. It does nothing to "protect" investors. As an investor I could legally go to Vegas and lose every penny in a casino overnight, but this regulation would prevent me from investing in an SEC regulated and approved, fairly commonplace investment strategy. I and not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. 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. Most American investors are fully capable of understanding leveraged and inverse funds and their risks, as much as any other investment. Retail investors do not need these measures imposed on us. Leveraged and inverse funds are important to my investment strategies. Taking this away would remove a wealth creation strategy and tool away from me, while allowing others to still use it. This is fundamentally unfair and inequitable. Leverage and inverse funds help me personally protect or hedge my investments or seek enhanced returns during downturns. While these strategies are a small part of my portfolio, they are a critical part. DO NOT TAKE THEM AWAY.