I regularly rely on both leveraged and inverse funds as part of my overall investment activities. The elimination of these would hinder my trading. As a retiree, I rely primarily on doing Covered Calls as a source of income. Leveraged and/or Inverse Funds provide me the flexibility to position myself regardless of market conditions. As mentioned above, removal of these would significantly hinder my trading flexibility.
Victor Draper Comment On Regulatory Notice 22-08
I regularly rely on both leveraged and inverse funds as part of my overall investment activities. The elimination of these would hinder my trading. As a retiree, I rely primarily on doing Covered Calls as a source of income. Leveraged and/or Inverse Funds provide me the flexibility to position myself regardless of market conditions. As mentioned above, removal of these would significantly hinder my trading flexibility.