I am an educated investor who has invested for 10+ years. I have educated myself through research and advise from my broker on how these securities work. I've learned great lessons from both the ups and downs. I have built a portfolio that is long the market. I use inverse instruments as a hedge against a downturn. Without these safeguards, I would be more exposed to risk and be highly concerned.
By restricting these (inverse) instruments, it would also limit market efficiency, something that I've learned from studying for my CFA (Level 3) exam. While I agree investors should be made more knowledgeable, I think there are other ways that doesn't punish those who are knowledge through such restriction measures. These restrictions would make me lose confidence in the markets.
Please, I urge you to consider these changes and how it will influence the markets and investors such as myself that believe in a free market without such high governance.
Kevin Cun Comment On Regulatory Notice 22-08
Regulators,
I am an educated investor who has invested for 10+ years. I have educated myself through research and advise from my broker on how these securities work. I've learned great lessons from both the ups and downs. I have built a portfolio that is long the market. I use inverse instruments as a hedge against a downturn. Without these safeguards, I would be more exposed to risk and be highly concerned.
By restricting these (inverse) instruments, it would also limit market efficiency, something that I've learned from studying for my CFA (Level 3) exam. While I agree investors should be made more knowledgeable, I think there are other ways that doesn't punish those who are knowledge through such restriction measures. These restrictions would make me lose confidence in the markets.
Please, I urge you to consider these changes and how it will influence the markets and investors such as myself that believe in a free market without such high governance.
Thank you.