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Drew Blevins Comment On Regulatory Notice 22-08

Drew Blevins
N/A

I have been investing since 1998. The first time I placed a trade it cost $75 to place the trade over a phone. I don't wish to go back to those days. Nor do I want regulators telling me what I can and can't invest in or require me to pass a test to demonstrate my knowledge. I have invested in both leveraged and inverse funds. Inverse funds are especially useful for hedging. Inverse funds are much less risky then hedging through options which have an expiration date. The safest way to hedge is through inverse funds. I believe all retail investors regardless of skill level should be able to hedge using inverse funds. It is bad for no one to profit when markets go down. That represents a loss of money for everyone. The whole idea that markets should only go in one direction is based on federal reserve policy which has effectively destroyed capital markets pricing mechanisms.