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Arnaud Ajamian Comment On Regulatory Notice 22-08

It is my belief that any individual should retain the right to make investments as he/she sees fit without the imposition of restrictions if they deem a particular investment to be in their best interest. With particular regard towards leveraged and inverse funds, such an investment helps to create a balanced investment strategy that allows for individuals to hedge their investments. Ample information is made available to understand how such investment vehicles operate and the risks that they entail.

Dr. Gallelli Comment On Regulatory Notice 22-08

It is the responsibility of the investor, not the regulators to evaluate market risk. Predetermining these risk and who is qualified to take such risk is a slippery slope. Shall we regulate risk for public companies with historically high PE ratios? it is the investors responsibility to way risk and loss. Investors are not children, they need to take responsibility to for their actions. The regulation of or restriction of trading a public asset will not negate irresponsibility, it will just allow for such irresponsibility to occur under a different context or asset.

Richard Stoddart Comment On Regulatory Notice 22-08

The use of leveraged and inverse funds are no riskier than any other investment vehicle. It is all about asset allocation. Leveraged and inverse funds also help to balance and protect my portfolio. As a retail investor, trading options and utilizing leveraged and inverse funds are virtually the only ways to protect my portfolio from market declines or a bear market. This proposed regulation appears to be another tool used to prevent poor and middle class citizens from participating and benefiting from the markets allowing only the wealthy to get wealthier.