Richard Silverman Comment On Regulatory Notice 22-08
Richard Silverman
N/A
I purchased a leveraged and inverse fund to play the rise in interest rates. I looked at the alternatives, decided how much risk I was comfortable taking, and purchased a 2X fund which has done very well in a time of rising interest rates. While I may not be rich, I am educated and quite capable of making decisions. Banning these investments smacks of authority limiting my ability to make decisions. Let's not assume we are all dopes. My broker and ProShares warn me of the risks of leverage on a recurring basis. I'm a big boy. I don't need you limiting my legitimate choices.
Richard Silverman Comment On Regulatory Notice 22-08
I purchased a leveraged and inverse fund to play the rise in interest rates. I looked at the alternatives, decided how much risk I was comfortable taking, and purchased a 2X fund which has done very well in a time of rising interest rates. While I may not be rich, I am educated and quite capable of making decisions. Banning these investments smacks of authority limiting my ability to make decisions. Let's not assume we are all dopes. My broker and ProShares warn me of the risks of leverage on a recurring basis. I'm a big boy. I don't need you limiting my legitimate choices.