I have traded these products for thirty years. I understand the risks and rewards.These products are needed for liquidity, price discovery and hedging. The volume of these products clearly shows that they are needed. Investments must be available to all members of the public, not just to s select few, selected by some arbitrary process. A signed document, in the customers account file, that explains the risks is enough to allow individuals the opportunity to trade these products.
James Damon Comment On Regulatory Notice 22-08
I have traded these products for thirty years. I understand the risks and rewards.These products are needed for liquidity, price discovery and hedging. The volume of these products clearly shows that they are needed. Investments must be available to all members of the public, not just to s select few, selected by some arbitrary process. A signed document, in the customers account file, that explains the risks is enough to allow individuals the opportunity to trade these products.