Devin McDonnell Comment On Regulatory Notice 22-08
Devin McDonnell
N/A
The government has no reasonable grounds to take this action to decrease the tools available to the average investor for the purposes of 'protecting them' from being able to make their own choices. Inverse and leveraged etfs are specialized and risky tools that nonetheless can be used productively by a skilled retail trader, and more to the point, it should be an individual's choice. By this logic, one should have to take a break from selling options or shorting, considering that both have much higher loss potential, with the capacity to take on debt, compared to one of these ETFs. The government should stay out of our lives, because everybody can see that this is a power grab, because the logic is incoherent.
Devin McDonnell Comment On Regulatory Notice 22-08
The government has no reasonable grounds to take this action to decrease the tools available to the average investor for the purposes of 'protecting them' from being able to make their own choices. Inverse and leveraged etfs are specialized and risky tools that nonetheless can be used productively by a skilled retail trader, and more to the point, it should be an individual's choice. By this logic, one should have to take a break from selling options or shorting, considering that both have much higher loss potential, with the capacity to take on debt, compared to one of these ETFs. The government should stay out of our lives, because everybody can see that this is a power grab, because the logic is incoherent.