Dear Regulators: Should you limit my ability to hedge my long positions with INVERSIONS, it is tantamount to taking away my health insurance! Over the years I have effectively, and conservatively, used inverse equity positions as insurance against falling markets. In the markets TODAY, without the use of INVERSIONS I would be ruined, or out of the market. It is unwise to drive small and medium sized investors out of the market. Please consider, often the actions you take to "protect" investors destroys them! Please do not strip us of our prophylactic market tools.
Richard Rhodie Comment On Regulatory Notice 22-08
Dear Regulators: Should you limit my ability to hedge my long positions with INVERSIONS, it is tantamount to taking away my health insurance! Over the years I have effectively, and conservatively, used inverse equity positions as insurance against falling markets. In the markets TODAY, without the use of INVERSIONS I would be ruined, or out of the market. It is unwise to drive small and medium sized investors out of the market. Please consider, often the actions you take to "protect" investors destroys them! Please do not strip us of our prophylactic market tools.