Daniel Stutzman Comment On Regulatory Notice 22-08
Daniel Stutzman
N/A
Because I have a high degree of understanding of the inverse and leveraged funds, I understand why regulation is being considered. However, traders have always been and always should be responsible for their own investing knowledge and actual trades.
I am AGAINST:
Having to demonstrate a high net worth. There are plenty of traders out there with a high degree of trading acumen but low net worth for one reason or another.
Cooling off periods during which you can't invest. This has nothing to do with the trading instrument. If you pass this, then it'll open the door for similar regulations on options and futures.
I am FOR:
Regulator-imposed testing
Broker approval similar to the options (level 2) and futures approval process.
Attesting to reading certain materials
Daniel Stutzman Comment On Regulatory Notice 22-08
Because I have a high degree of understanding of the inverse and leveraged funds, I understand why regulation is being considered. However, traders have always been and always should be responsible for their own investing knowledge and actual trades.
I am AGAINST:
Having to demonstrate a high net worth. There are plenty of traders out there with a high degree of trading acumen but low net worth for one reason or another.
Cooling off periods during which you can't invest. This has nothing to do with the trading instrument. If you pass this, then it'll open the door for similar regulations on options and futures.
I am FOR:
Regulator-imposed testing
Broker approval similar to the options (level 2) and futures approval process.
Attesting to reading certain materials