I am capable of understand leveraged and inverse funds and should not be made to "jump through hoops" in order to continue trading as I wish. If you must regulate access to these funds please do not target your regulations at those of us whose trading accounts clearly demonstrate we are performing in line with the market.
That being said I agree there is a problem with compulsive money losing traders. A more sensible regulatory action to protect these people would be to provide something akin to "Gamblers Anonymous" or counseling. But only for people who need it! Please do not impose burdens on those of us whose trading account histories would clearly demonstrate to the custodian or anyone else that they are performing in-line with the market or better.
Daniel Blum Comment On Regulatory Notice 22-08
I am capable of understand leveraged and inverse funds and should not be made to "jump through hoops" in order to continue trading as I wish. If you must regulate access to these funds please do not target your regulations at those of us whose trading accounts clearly demonstrate we are performing in line with the market.
That being said I agree there is a problem with compulsive money losing traders. A more sensible regulatory action to protect these people would be to provide something akin to "Gamblers Anonymous" or counseling. But only for people who need it! Please do not impose burdens on those of us whose trading account histories would clearly demonstrate to the custodian or anyone else that they are performing in-line with the market or better.