The proposed rules will add more regulations that are not needed. As an individual investor I enjoy access to various products that can be used for any strategy I want to employ. Sometimes a strategy will involve a leveraged or inverse funds, sometimes it maybe about involving cryptocurrency, sometimes it is just about having access to a specific sector.
Before making any investment every investor has been given ample disclosures as to the risk involved, as well as strongly worded encouragement to seek guidance if they are unsure of what they are getting into. There is a risk in all investments, but that doesn't mean they should all be taken away or regulated into oblivion. Any investment offering could be used in a risky manner - such as owning only one stock or putting all your 401k balance into the stock of the employer, or buying only 90 day T-bills, or only 30 year notes or having only cash. Even cash has risk (it's buying power is eroded by inflation).
The vast variety of investment options is what allows individuals to pick their course and their own strategy. The existing rules and regulations on risk disclosures are more than adequate. If one doesn't understand what they are buying or selling, then they shouldn't do it.
Options trading can be simple or extremely complex, it depends on what strategy one employs, but that is why there are trade levels at brokerages to allow the broker to decide what a customer should have access to. Can it blow up in your face if you don't know what risk you are taking on, sure, can it work out in your favor, sure. Options markets are a zero sum game, for every time someone wins, someone else lost. I have just as much right to make money on options as the large institutions who are the market makers.
Small and large index funds, mutual funds and individual stocks can all go up or down. Sometimes all at once, and sometimes not. Markets are subject to the emotions of the people who run them, not rational thought or actual value of companies. Price is what you pay and value is what you get.
It's important to continue to all individuals access to the same products and tools that professionals or larger institutions have. The path needs to be paved to level the playing field from small investors to institutions and hedge funds.
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Matt Ellsworth Comment On Regulatory Notice 22-08
The proposed rules will add more regulations that are not needed. As an individual investor I enjoy access to various products that can be used for any strategy I want to employ. Sometimes a strategy will involve a leveraged or inverse funds, sometimes it maybe about involving cryptocurrency, sometimes it is just about having access to a specific sector.
Before making any investment every investor has been given ample disclosures as to the risk involved, as well as strongly worded encouragement to seek guidance if they are unsure of what they are getting into. There is a risk in all investments, but that doesn't mean they should all be taken away or regulated into oblivion. Any investment offering could be used in a risky manner - such as owning only one stock or putting all your 401k balance into the stock of the employer, or buying only 90 day T-bills, or only 30 year notes or having only cash. Even cash has risk (it's buying power is eroded by inflation).
The vast variety of investment options is what allows individuals to pick their course and their own strategy. The existing rules and regulations on risk disclosures are more than adequate. If one doesn't understand what they are buying or selling, then they shouldn't do it.
Options trading can be simple or extremely complex, it depends on what strategy one employs, but that is why there are trade levels at brokerages to allow the broker to decide what a customer should have access to. Can it blow up in your face if you don't know what risk you are taking on, sure, can it work out in your favor, sure. Options markets are a zero sum game, for every time someone wins, someone else lost. I have just as much right to make money on options as the large institutions who are the market makers.
Small and large index funds, mutual funds and individual stocks can all go up or down. Sometimes all at once, and sometimes not. Markets are subject to the emotions of the people who run them, not rational thought or actual value of companies. Price is what you pay and value is what you get.
It's important to continue to all individuals access to the same products and tools that professionals or larger institutions have. The path needs to be paved to level the playing field from small investors to institutions and hedge funds.