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Comment for Industry Filing 22-001

  • From: Lawrence Jackson
    Organization(s):
    None

    Comment No: 66958
    Date: 3/16/2022

    Comment Text:

    I'm in favor of allowing FTX to offer heding instruments as this allows for retail investors to manage their risk.

    Let's take another example: PDT rules for retail investors. They are a terrible idea as I cannto properly manage my risk for fear of being frozen from further trading for 90 days.

    I buy a security and set a risk tolerance or "stop" level to manage my risk. If I am under PDT rules, I need manage this around my rolling 5 day period. I can make an investment and immediately it drops through my risk tolerance level. This in my opinion is not fair to the retail trader.

    Thank You

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