The use of inverse and leveraged funds are a part of my investment strategy. Current regulations and requirements that are in place are proper and necessary. The brokerages are required to warn of the inherent risks as well as obtain written statements from clients that these risks are understood and accepted. LEAVE THINGS THE WAY THEY ARE. STOP TRYING TO SQUASH THE INDIVIDUAL INVESTOR. The ability to short in down markets is critical to an individual investor's success. How else can I hedge my portfolio in down markets?
I am an intelligent individual and willing to take responsibility for my decisions. I do not need the Government taking away these necessary tools.
Barry Phillips Comment On Regulatory Notice 22-08
The use of inverse and leveraged funds are a part of my investment strategy. Current regulations and requirements that are in place are proper and necessary. The brokerages are required to warn of the inherent risks as well as obtain written statements from clients that these risks are understood and accepted. LEAVE THINGS THE WAY THEY ARE. STOP TRYING TO SQUASH THE INDIVIDUAL INVESTOR. The ability to short in down markets is critical to an individual investor's success. How else can I hedge my portfolio in down markets?
I am an intelligent individual and willing to take responsibility for my decisions. I do not need the Government taking away these necessary tools.