Gordon Mitchell Comment On Regulatory Notice 22-08
Gordon Mitchell
N/A
Thank you for taking the time to read my concerns. It is important that individual small investors not have their rights of financial self-determination impinged by regulators. All investors need to be allowed equal footing from which to operate. The super-wealthy should not be granted the privilege of having tools available, which protect and hedge other investments that the small investor does not have.
Leveraged and inverse funds are not difficult to understand, are priced within reach of all investors, and are especially useful in protecting portfolios from substantial loss during market downturns and difficult economic times such as these. These funds also have a legitimate use similar to marginable securities, providing enhanced returns, when deemed appropriate by the investor.
Access to them should not require surmounting barriers that demonstrate inequities in the market on the level of insider trading, giving advantage to some but not all. To be more clear "Fair Disclosure" eliminated insider trading to a high degree, leveling the playing field for many. However, the proposed regulation does just the opposite, tilting the playing field to the severe disadvantage of the small investor by stripping them of this ability to hedge portfolios.
Leveraged and inverse funds are important implements in my financial toolbox and do not require additional restrictions.
Gordon Mitchell Comment On Regulatory Notice 22-08
Thank you for taking the time to read my concerns. It is important that individual small investors not have their rights of financial self-determination impinged by regulators. All investors need to be allowed equal footing from which to operate. The super-wealthy should not be granted the privilege of having tools available, which protect and hedge other investments that the small investor does not have.
Leveraged and inverse funds are not difficult to understand, are priced within reach of all investors, and are especially useful in protecting portfolios from substantial loss during market downturns and difficult economic times such as these. These funds also have a legitimate use similar to marginable securities, providing enhanced returns, when deemed appropriate by the investor.
Access to them should not require surmounting barriers that demonstrate inequities in the market on the level of insider trading, giving advantage to some but not all. To be more clear "Fair Disclosure" eliminated insider trading to a high degree, leveling the playing field for many. However, the proposed regulation does just the opposite, tilting the playing field to the severe disadvantage of the small investor by stripping them of this ability to hedge portfolios.
Leveraged and inverse funds are important implements in my financial toolbox and do not require additional restrictions.