I see no reason to regulate what a person decides to do with their money. The government doesn't appear to have any restrictions on it's ability to manipulate the market on a daily basis as it does. The craps table isn't restricted or any other game in the betting business. Margin is allowed, shorting is allowed, and I'm sure there are other things big money is allowed to do. I use these funds as a hedge to protect my portfolio at a cost I can afford. If someone wants to chance their assets, they should be allowed to do so just as they do when going into business or as they do in any other form of gambling. I've been taught that this is a free country, and that the individual has a right to make their own decisions about their destiny. Regulations as in the case of most governmental interference and bungling are not necessary, and should be left to the individual investor. Do-good regulations and ideas almost always cause more problems than they cure as I have found in my 78 years of observation.
David Predmore Comment On Regulatory Notice 22-08
I see no reason to regulate what a person decides to do with their money. The government doesn't appear to have any restrictions on it's ability to manipulate the market on a daily basis as it does. The craps table isn't restricted or any other game in the betting business. Margin is allowed, shorting is allowed, and I'm sure there are other things big money is allowed to do. I use these funds as a hedge to protect my portfolio at a cost I can afford. If someone wants to chance their assets, they should be allowed to do so just as they do when going into business or as they do in any other form of gambling. I've been taught that this is a free country, and that the individual has a right to make their own decisions about their destiny. Regulations as in the case of most governmental interference and bungling are not necessary, and should be left to the individual investor. Do-good regulations and ideas almost always cause more problems than they cure as I have found in my 78 years of observation.