Hello, I am deeply concerned about my future access to complex trading products. I'm not sure your definition of complex products. Adding new red tape and hoops for investors would be beneficial to the rich, wealthy, and upperclass to keep the rich getting richer. Effectively hurting the retail trader and small guy in the economy. Effectively blocking access to the American dream to many in the working class. I vote no. My brokers already have many warnings on every purchase of these funds, (2x,3x levered) reminding me of the risk. They have never been recommended to me by a broker/dealer. I know that I should monitor them daily and I do monitor them daily. I have been buying and selling these Leveraged ETFs for over 10 years now with no problems. Look at the risk in the home mortgage industry. 300,000 mortgage 3% down, isn't that 34x leverage 300,000 mortgage 5% down, isn't that 20x leverage 300,000 mortgage 10% down, isn't that 10x leverage 300,000 mortgage 15% down, isn't that 6.5x leverage 300,000 mortgage 20% down, isn't that 5x leverage As we can see it looks like 2x, 3x leverage is nothing compared to the leverage in the housing market. Thank you for letting us share our experience.
Brady Schiller Comment On Regulatory Notice 22-08
Hello, I am deeply concerned about my future access to complex trading products. I'm not sure your definition of complex products. Adding new red tape and hoops for investors would be beneficial to the rich, wealthy, and upperclass to keep the rich getting richer. Effectively hurting the retail trader and small guy in the economy. Effectively blocking access to the American dream to many in the working class. I vote no. My brokers already have many warnings on every purchase of these funds, (2x,3x levered) reminding me of the risk. They have never been recommended to me by a broker/dealer. I know that I should monitor them daily and I do monitor them daily. I have been buying and selling these Leveraged ETFs for over 10 years now with no problems. Look at the risk in the home mortgage industry. 300,000 mortgage 3% down, isn't that 34x leverage 300,000 mortgage 5% down, isn't that 20x leverage 300,000 mortgage 10% down, isn't that 10x leverage 300,000 mortgage 15% down, isn't that 6.5x leverage 300,000 mortgage 20% down, isn't that 5x leverage As we can see it looks like 2x, 3x leverage is nothing compared to the leverage in the housing market. Thank you for letting us share our experience.