To whom it may concern, I strongly oppose any potential restrictions on my ability to purchase leveraged instruments. This would be another way for the large institutions to use investment vehicles for their advantage at the expense of the smaller investor like me and put us on unequal playing ground. I do not use them as a large part of my portfolio, but use them for hedging or taking advantage of optimal market conditions. Please do not impose special tests for these instruments. At the most, they should be similar to those for options trading.
Paul Moravek Comment On Regulatory Notice 22-08
To whom it may concern, I strongly oppose any potential restrictions on my ability to purchase leveraged instruments. This would be another way for the large institutions to use investment vehicles for their advantage at the expense of the smaller investor like me and put us on unequal playing ground. I do not use them as a large part of my portfolio, but use them for hedging or taking advantage of optimal market conditions. Please do not impose special tests for these instruments. At the most, they should be similar to those for options trading.