I am against restrictions on individuals who want to invest in leveraged ETFS for the following reasons:
1. Certain diversified leveraged ETFs really aren't that much riskier then picking a single stock and have a place in certain portfolios
2. This puts the retail investor at a huge disadvantage and funnels more profit into investment managers pockets.
3. As a retail investor I should be able to do my own research and invest my hard earned money as I see fit in ways that I think will maximize my profit. I invest only a small part of my portfolio in LETFs and know the risk involved.
This is just another way to keep the profits in large investment firms instead of with the retail investor.
Alex Dean Comment On Regulatory Notice 22-08
I am against restrictions on individuals who want to invest in leveraged ETFS for the following reasons:
1. Certain diversified leveraged ETFs really aren't that much riskier then picking a single stock and have a place in certain portfolios
2. This puts the retail investor at a huge disadvantage and funnels more profit into investment managers pockets.
3. As a retail investor I should be able to do my own research and invest my hard earned money as I see fit in ways that I think will maximize my profit. I invest only a small part of my portfolio in LETFs and know the risk involved.
This is just another way to keep the profits in large investment firms instead of with the retail investor.