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Andrew Lang Comment On Regulatory Notice 22-08

Andrew Lang
N/A

Regulators do not need to further impact the ability of retail investors acting within the market. Cheap and effective access to leverage should not be taken away from retail investors. Unlike more complex derivatives there is only the chance of principal loss with leveraged ETFs - a HUGE difference compared to options. Leverage and lifecycle investing is one of the only ways that retail investors can get a leg up on the rest of the world. I was in grad school making 24k a year until I was 31! I had no savings because I had earned no income. Without leverage I stand little chance of catching up to folks who started work at 22, even with my higher than average salary due to my degree.