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Michail Dedes Comment On Regulatory Notice 22-08

Michail Dedes
N/A

The proposed additional regulation regarding limiting access and tradability of inverse, leveraged and volatility ETPs is nonsensical and plain wrong. Investing is a way for the masses to generate wealth, one small chunk at a time. Not everyone needs to be an accredited investor in order to be able to buy more complicated financial products than common stock and government bonds. Quite the opposite in fact those who are smart and fortunate enough can use these more complicated products to amass wealth in a shorter period of time than just waiting for market average returns year after year given a correct investment thesis & appropriate exit strategy. The proposed regulations will hurt rather than help the average investor.