I have been a holder of TBT as an inflation hedge against higher interest rates for a while now. The position has been profitable and is becoming even more profitable with recent rate hikes. I am a long term investor and want to be able to choose my investments that I feel are suitable for me, I do not want my choices dictated by someone else. My trade was unsolicited and made with the full knowledge that I could lose money if rates went against me. It is a small measured position and will not impact my overall portfolio in the least. Do not take away my ability to make my own decisions or be able to work with my advisor on recommendations. I would not have a problem with position percentage limits. This is not an investment that should be a large holding for a retail investor, however I feel I should have access to the position and be able to make reasonable informed decisions.
Stan Carter Comment On Regulatory Notice 22-08
I have been a holder of TBT as an inflation hedge against higher interest rates for a while now. The position has been profitable and is becoming even more profitable with recent rate hikes. I am a long term investor and want to be able to choose my investments that I feel are suitable for me, I do not want my choices dictated by someone else. My trade was unsolicited and made with the full knowledge that I could lose money if rates went against me. It is a small measured position and will not impact my overall portfolio in the least. Do not take away my ability to make my own decisions or be able to work with my advisor on recommendations. I would not have a problem with position percentage limits. This is not an investment that should be a large holding for a retail investor, however I feel I should have access to the position and be able to make reasonable informed decisions.