Jere Laudenslager Comment On Regulatory Notice 22-08
Jere Laudenslager
N/A
I'm 62 years old and I made my first stock purchase in 1978. I completely understand the risks associated with buying and selling listed securities, including inverse and leveraged funds. If those securities are reserved only for a select group of investors, the professionals and very wealthy have an even greater advantage in the public markets. It is especially important to have inverse and leveraged funds during bear markets. The diversification of these funds removes the risk of shorting individual securities or speculating in calls and puts. Sitting on cash or buying bonds is not riskless either. There are always going to be people who will risk more than they can afford to lose or speculate rather than invest. It is not the role of regulators to protect those people for themselves.
Jere Laudenslager Comment On Regulatory Notice 22-08
I'm 62 years old and I made my first stock purchase in 1978. I completely understand the risks associated with buying and selling listed securities, including inverse and leveraged funds. If those securities are reserved only for a select group of investors, the professionals and very wealthy have an even greater advantage in the public markets. It is especially important to have inverse and leveraged funds during bear markets. The diversification of these funds removes the risk of shorting individual securities or speculating in calls and puts. Sitting on cash or buying bonds is not riskless either. There are always going to be people who will risk more than they can afford to lose or speculate rather than invest. It is not the role of regulators to protect those people for themselves.