I have been a market professional for over 50 years, now retired). I advocate free use of levered and short (INVERSE) instruments as they offer hedging and leverage opportunities to every investor. This is needed in these volatile markets. The public are taught "never to sell" and yet we have seen several peiods in recent decades of index declines of 60+% (Nasdaq). It is vitally important that investors be able to effectively hedge with a simple instrument and process. Public warnings and prospectus warnings abound already. If that weren't enough, one mistake is enough to teach the unwary. Additionally, levered instruments allow the investor to capitalise on periods within secular movements (buy the dip). These abilities should be available to all investors, not just the institutions or high net worth persons. Respect equal opportunities and freedoms with proper labelling if required. Many thanks &
Richard Naylor Comment On Regulatory Notice 22-08
I have been a market professional for over 50 years, now retired). I advocate free use of levered and short (INVERSE) instruments as they offer hedging and leverage opportunities to every investor. This is needed in these volatile markets. The public are taught "never to sell" and yet we have seen several peiods in recent decades of index declines of 60+% (Nasdaq). It is vitally important that investors be able to effectively hedge with a simple instrument and process. Public warnings and prospectus warnings abound already. If that weren't enough, one mistake is enough to teach the unwary. Additionally, levered instruments allow the investor to capitalise on periods within secular movements (buy the dip). These abilities should be available to all investors, not just the institutions or high net worth persons. Respect equal opportunities and freedoms with proper labelling if required. Many thanks &