I am an adult who should not be treated as a child. I should have the sole right to decide what investments I take part in and not regulators. I have started trading from scratch and educated myself very easily from the resources available to from my broker. I fully understand the risks I am taking and should have the right to take them without regulator permission or requirements. The PDT rule is one example of regulation that makes as little sense as this does. I can just as easily blow up 25,000 dollars as I can a 1,000 dollar account. Please allow the free market to be free.
Leveraged and inverse funds are a necessity or small accounts that are unable to short the market as a hedge, and do not want to take on the higher risk and cost of options. This proposal hurts more than helps.
Hiram Goodrich Comment On Regulatory Notice 22-08
I am an adult who should not be treated as a child. I should have the sole right to decide what investments I take part in and not regulators. I have started trading from scratch and educated myself very easily from the resources available to from my broker. I fully understand the risks I am taking and should have the right to take them without regulator permission or requirements. The PDT rule is one example of regulation that makes as little sense as this does. I can just as easily blow up 25,000 dollars as I can a 1,000 dollar account. Please allow the free market to be free.
Leveraged and inverse funds are a necessity or small accounts that are unable to short the market as a hedge, and do not want to take on the higher risk and cost of options. This proposal hurts more than helps.
Thank You,
Hiram