Regulators, please stop imposing more restrictions in an attempt to stop a very small minority of irresponsible investors that ruin it for the rest of us. Do place restrictions on leveraged and/or inverse funds. I trade with these investments vehicles on a somewhat regular basis and they are an essential component of my portfolio. Why punish me for the incompetence and laziness of investors that made ill-informed decisions? These instruments/funds are safe and should not be regulated or worse, restricted to only elite firms. If you restrict these instruments, you make the situation worse because now the average retail trader/investor has fewer options available, whereas large firms make even more money because only they have access to these instruments. It isnt fair. Please just leave things alone.
Charles Tilly Comment On Regulatory Notice 22-08
Regulators, please stop imposing more restrictions in an attempt to stop a very small minority of irresponsible investors that ruin it for the rest of us. Do place restrictions on leveraged and/or inverse funds. I trade with these investments vehicles on a somewhat regular basis and they are an essential component of my portfolio. Why punish me for the incompetence and laziness of investors that made ill-informed decisions? These instruments/funds are safe and should not be regulated or worse, restricted to only elite firms. If you restrict these instruments, you make the situation worse because now the average retail trader/investor has fewer options available, whereas large firms make even more money because only they have access to these instruments. It isnt fair. Please just leave things alone.