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Charles Hill Comment On Regulatory Notice 22-08

Charles Hill
N/A

Why would you prevent me from making investments of my own choosing. Markets go up and down. Inverse ETFs provide a way for my self-directed IRA to make gains when the market is going down. This year alone, my IRA is up while the general market (s&p, Nasdaq, Russel) are down. I couldn't have that performance without using inverse ETFs. I understand the risk of inverse and leveraged ETFs but also only invest a smaller percentage of my portfolio in such instruments. And as far as understanding risks, my investment advisor (TDAmeritrade) posts warnings on every ETF profile page concerning these products containing heighten risks. For each investment I also get emailed info from the fund provider that highlights the risk of owning the products. Please don't take away my ability to have flexible investments that suite the current market trends.