As an investor for over 50 years, I am strongly opposed to this proposed action. Leveraged and inverse funds are essential to my investment strategy. The market does not always go up. Private investors need access to affordable hedge tools in order to protect and insure the wealth they have accumulated. The ultra rich do it. Why would you restrict my access to this important strategy. I do not need government protection which essentially becomes a means to control and restrict my investment activities. Already many layers of regulation exist to manage and ensure fairness in the investment world. We do not need more laws and regulations in this environment. I urge FINRA to NOT ADOPT this plan to restrict my right to invest.
Steven Sterner Comment On Regulatory Notice 22-08
As an investor for over 50 years, I am strongly opposed to this proposed action. Leveraged and inverse funds are essential to my investment strategy. The market does not always go up. Private investors need access to affordable hedge tools in order to protect and insure the wealth they have accumulated. The ultra rich do it. Why would you restrict my access to this important strategy. I do not need government protection which essentially becomes a means to control and restrict my investment activities. Already many layers of regulation exist to manage and ensure fairness in the investment world. We do not need more laws and regulations in this environment. I urge FINRA to NOT ADOPT this plan to restrict my right to invest.