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Patrick Willis Comment On Regulatory Notice 22-08

Patrick Willis
N/A

I need to be able to buy or sell leveraged and inverse funds. It is a great way of preserving my capital investments during wild market swings. For instance, VIX Market Volatility Index is tracked by several different funds and helped me preserve the capital in my IRA during the latest increase from 4/20/22-5/06/22, offsetting my stock and ETF losses during that time. I was then able to reinvest that money from the sale of my inverse funds back into my stocks and ETF portfolio.

I believe having an education on how these securities work is more important than restrictions on who can invest in them. It takes time to understand how they work, and practical application is how we learn. If it is regulated, less people will be able to learn.