I oppose changes that would require additional steps to be taken by investors before certain leveraged and inverse ETF's could be traded. These changes are not needed and interfere with the free market. I and other investors are fully capable of researching and understanding investment vehicles. Placing restrictions on such vehicles would not increase knowledge. These leveraged and inverse funds are an important part of my overall trading and investing strategy and I strongly oppose any change that would prohibit their use or require extra steps to be taken before than can be traded.
Dan Saladino Comment On Regulatory Notice 22-08
I oppose changes that would require additional steps to be taken by investors before certain leveraged and inverse ETF's could be traded. These changes are not needed and interfere with the free market. I and other investors are fully capable of researching and understanding investment vehicles. Placing restrictions on such vehicles would not increase knowledge. These leveraged and inverse funds are an important part of my overall trading and investing strategy and I strongly oppose any change that would prohibit their use or require extra steps to be taken before than can be traded.