Frank Commons Comment On Regulatory Notice 22-08
I am contacting you to express my opposition to the proposals in Regulatory Notice 22-08. I see no justification for FINRA to restrict public access to any publicly traded financial products, including leveraged EFTs. These securities provide an efficient and economic vehicle for small investors to hedge portfolio risk, a strategy that has now become critical in the aftermath of more than a decade of reckless policies by our Federal Reserve Governors. The current wealth gap in the United States is already at obscene levels.