Managing client portfolios, as well as my own, has been greatly improved with my access to inverse and leveraged ETFs provided by Direxion Funds and others. My clients are knowledgable enough and they are aware of the benefits and drawbacks of these types of investments - and the key role they play in a portfolio. Their features like hedging portfolios and enhancing risk-adjusted returns are hallmarks of WHY I use these products. And, these features would NOT be available to my clients if restrictions were placed on accessing these products. PLEASE - DO NOT impose more restrictions or limit access to these products!!
Bradley Scott Comment On Regulatory Notice 22-08
Managing client portfolios, as well as my own, has been greatly improved with my access to inverse and leveraged ETFs provided by Direxion Funds and others. My clients are knowledgable enough and they are aware of the benefits and drawbacks of these types of investments - and the key role they play in a portfolio. Their features like hedging portfolios and enhancing risk-adjusted returns are hallmarks of WHY I use these products. And, these features would NOT be available to my clients if restrictions were placed on accessing these products. PLEASE - DO NOT impose more restrictions or limit access to these products!!