David McCutcheon Comment On Regulatory Notice 22-08
David McCutcheon
N/A
Those of us who lost everything when the large investors were able to cause the price of TVIX to drop over 90% "after hours", which should not have been possible, is likely the cause of this regulatory notice. This was clear manipulation and someone should have to pay. It is they who need better regulation oversight, not the small investor. We still need these types of investments to recoup our losses. Please do not keep us from using these funds. Find a way to prevent large overnight drops. A 20-25% per day limit on fund price that halted trading would help prevent outright theft by those who can manipulate the VIX price.
David McCutcheon Comment On Regulatory Notice 22-08
Those of us who lost everything when the large investors were able to cause the price of TVIX to drop over 90% "after hours", which should not have been possible, is likely the cause of this regulatory notice. This was clear manipulation and someone should have to pay. It is they who need better regulation oversight, not the small investor. We still need these types of investments to recoup our losses. Please do not keep us from using these funds. Find a way to prevent large overnight drops. A 20-25% per day limit on fund price that halted trading would help prevent outright theft by those who can manipulate the VIX price.