To whom it may concern, I oppose this regulation. On the surface this sounds like government overreach. If I understand anything about the purpose of the SEC, it is not to protect individual investors, it is to protect the system. This would prevent individual investors from easily hedging against a market downturn, but allow "high net worth" individuals who can afford to have money managers do just that. Sounds pretty fishy to me. Under the guise of protecting individuals it seems to just prevent individual investors from compounding any effects of a market downturn. Again, I oppose this proposed regulation.
Justin Tabb Comment On Regulatory Notice 22-08
To whom it may concern, I oppose this regulation. On the surface this sounds like government overreach. If I understand anything about the purpose of the SEC, it is not to protect individual investors, it is to protect the system. This would prevent individual investors from easily hedging against a market downturn, but allow "high net worth" individuals who can afford to have money managers do just that. Sounds pretty fishy to me. Under the guise of protecting individuals it seems to just prevent individual investors from compounding any effects of a market downturn. Again, I oppose this proposed regulation.