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Tyler Davidson Comment On Regulatory Notice 22-08

Tyler Davidson
N/A

I strongly oppose any rule that limits my (or others') ability to implement investment strategy, which at times includes the use of options and leveraged/inverse exchange-traded products. I believe such a rule would cause me personal financial harm. Although I have decades of experience with such products, I oppose any rule for which I must pass tests or meet any arbitrary net worth standard to use these products. It is my belief that a rule restricting such products would favor investors with more capital to the detriment of investors with less capital, which is fundamentally unfair (and offensive). Such a rule would undermine my confidence in markets and financial regulation. I believe the current notices regarding leveraged/inverse products that are issued by brokers are sufficient to warn investors of the risks of these instruments, and no further rules are necessary.