Bennett Schwarz Comment On Regulatory Notice 22-08
Bennett Schwarz
N/A
To Whom it May Concern,
I disagree strongly with the proposal to restrict trading of leveraged and inverse ETFs. Requiring minimum income levels or minimum assets as a requirement of trading these investment vehicles is once again telling the average American that one must already be wealthy in order to be allowed to pursue wealth. Furthermore, it will do so precisely at a time when the average citizen is experiencing some of the most significant financial hardships of the last decade which includes an actual pandemic. Many people are relying on these investment habits to help their family through a difficult time in order to insure their retirement and they will all get a message explaining that since they are not already rich they will have to spend their working hours rebalancing options chains daily in order to replicate the returns which until now could easily be created through simple trades. This is wrong and shouldn't become policy.
Bennett Schwarz Comment On Regulatory Notice 22-08
To Whom it May Concern,
I disagree strongly with the proposal to restrict trading of leveraged and inverse ETFs. Requiring minimum income levels or minimum assets as a requirement of trading these investment vehicles is once again telling the average American that one must already be wealthy in order to be allowed to pursue wealth. Furthermore, it will do so precisely at a time when the average citizen is experiencing some of the most significant financial hardships of the last decade which includes an actual pandemic. Many people are relying on these investment habits to help their family through a difficult time in order to insure their retirement and they will all get a message explaining that since they are not already rich they will have to spend their working hours rebalancing options chains daily in order to replicate the returns which until now could easily be created through simple trades. This is wrong and shouldn't become policy.