Andrew Cunningham Comment On Regulatory Notice 22-08
Andrew Cunningham
N/A
I strongly oppose restrictions against use of leveraged and or inverse products. Yes, some investors through irresponsible use can be harmed, but in a free society and market retail and institutional investors alike should be able to make their own decisions and accept responsibility for those decisions. Restrictions on use reduces investors ability to manage risk, reduces market place liquidity and price discovery as well as creates an undeveloped playing field for smaller retail investors who wish to manage their own money. A federal regulatory body is simply unable to discern on an individual level what is best for all and will cause more harm than good in pursuing such regulatory over reach.
Andrew Cunningham Comment On Regulatory Notice 22-08
I strongly oppose restrictions against use of leveraged and or inverse products. Yes, some investors through irresponsible use can be harmed, but in a free society and market retail and institutional investors alike should be able to make their own decisions and accept responsibility for those decisions. Restrictions on use reduces investors ability to manage risk, reduces market place liquidity and price discovery as well as creates an undeveloped playing field for smaller retail investors who wish to manage their own money. A federal regulatory body is simply unable to discern on an individual level what is best for all and will cause more harm than good in pursuing such regulatory over reach.