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Lynn Barry Comment On Regulatory Notice 22-08

Lynn Barry
N/A

With a paternalistic misguided view that you are protecting retail, you are in fact restricting risk management actions that can be taken by retail. And in the middle of a correction! Inverse ETFs are liquid and can be sized appropriately while selling covered calls cannot be. And institutions are allowed to trade options during hours retail is not, further impeding my risk management efforts. Leveraged ETFs often trade at lower dollar prices, allowing retail to participate in higher dollar stocks and reduces capital at risk. Send out a fact sheet if you like, addressing fundamentals (daily reset, etc.) Most retail actively trade options, which are much more complicated than leveraged/inverse ETFs. The Greeks do that to options. It is my right to trade public securities as I see fit not restricted by unnecessary SEC regulations which are imposed on a selected class of investors which you clearly historically have disdained and again now with these proposed regulations. Ironically, just when retail, after a decade, returned to the stock market you chose to once again hamper their investment opportunities.