The reasons I am opposed at any further regulations that restrict my ability to trade in securities of my choice is that it would limit my ability to offset the volatility of many of the securities I choose to trade. I am able to determine my risk levels and leverage levels when trading and I oppose any special process you may be considering, such as tests. I do not need to be hampered by any measures beyond what is currently imposed. Reverse funds are extremely important to me and should in no way be restricted. As an 82 year old individual I use leverage long and inverse funds to accelerate my account growth, and any further regulations could leave me less able to advance my account. Among the measures you should be vigorously pursuing is reducing the settlement clearing time of trades to ONE DAY. The current two days to settle trades is no longer appropriate in this day and age.
Russell Davis Comment On Regulatory Notice 22-08
The reasons I am opposed at any further regulations that restrict my ability to trade in securities of my choice is that it would limit my ability to offset the volatility of many of the securities I choose to trade. I am able to determine my risk levels and leverage levels when trading and I oppose any special process you may be considering, such as tests. I do not need to be hampered by any measures beyond what is currently imposed. Reverse funds are extremely important to me and should in no way be restricted. As an 82 year old individual I use leverage long and inverse funds to accelerate my account growth, and any further regulations could leave me less able to advance my account. Among the measures you should be vigorously pursuing is reducing the settlement clearing time of trades to ONE DAY. The current two days to settle trades is no longer appropriate in this day and age.