I Oppose Restrictions To My Right to Invest in Complex Products, including Leveraged and Inverse funds! Any attempt to impose restrictions on the individuals right to buy these trading instruments gives the large trading firms an unfair advantage and makes the market unfair to us. Large firms have resources to use trading programs and other trading tools which individual investors do not have. Leveraged and Inverse funds help to even the trading environment for that reason. I should have the right to choose the investment vehicles for my best use, and not the government or regulators. And I shouldn't have to go through some special process or testing to do so. Inverse funds in particular have given me a better picture of the overall market, including seeing the downside possibilities better. I don't short stocks, which does limit an investors views somewhat. So I have been able to use Inverse funds to better see the downside risks and in doing so it has helped me to better protect my investments. And the leveraged products gives me good options for hedging downside risks. There already exist many disadvantages to the small individual investor because they dont have access to some investmentsjust like IPOs. Adding restrictions on my ability to invest in the many new types of funds just handicaps my ability to get a decent investment return in todays markets and would be unfair. Dont add these restrictions!
Stuart Morgan Comment On Regulatory Notice 22-08
I Oppose Restrictions To My Right to Invest in Complex Products, including Leveraged and Inverse funds! Any attempt to impose restrictions on the individuals right to buy these trading instruments gives the large trading firms an unfair advantage and makes the market unfair to us. Large firms have resources to use trading programs and other trading tools which individual investors do not have. Leveraged and Inverse funds help to even the trading environment for that reason. I should have the right to choose the investment vehicles for my best use, and not the government or regulators. And I shouldn't have to go through some special process or testing to do so. Inverse funds in particular have given me a better picture of the overall market, including seeing the downside possibilities better. I don't short stocks, which does limit an investors views somewhat. So I have been able to use Inverse funds to better see the downside risks and in doing so it has helped me to better protect my investments. And the leveraged products gives me good options for hedging downside risks. There already exist many disadvantages to the small individual investor because they dont have access to some investmentsjust like IPOs. Adding restrictions on my ability to invest in the many new types of funds just handicaps my ability to get a decent investment return in todays markets and would be unfair. Dont add these restrictions!