There is not any problem that needs to be solved with respect to leveraged and inverse ETFs. Leveraged and inverse ETFs are critical components of my trading and investing; they allow me to achieve enhanced returns and also help me to protect my portfolio during market downturns. I have actively traded and invested for over 30 years and monitor my accounts on a daily basis. I am certainly capable of understanding how leveraged and inverse ETFs perform in various market conditions over both short and long time periods. I do not need a third-party evaluating my capability to do so and potentially preventing me from buying and selling these unique financial instruments. We are a free people, and public investments should be freely available to all of the public, not just the wealthy and privileged. This is a free country with free public markets, and the government must not impose needless and burdensome restrictions on investor choice. Thank you for your careful and thoughtful consideration.
Donald Byrge Comment On Regulatory Notice 22-08
There is not any problem that needs to be solved with respect to leveraged and inverse ETFs. Leveraged and inverse ETFs are critical components of my trading and investing; they allow me to achieve enhanced returns and also help me to protect my portfolio during market downturns. I have actively traded and invested for over 30 years and monitor my accounts on a daily basis. I am certainly capable of understanding how leveraged and inverse ETFs perform in various market conditions over both short and long time periods. I do not need a third-party evaluating my capability to do so and potentially preventing me from buying and selling these unique financial instruments. We are a free people, and public investments should be freely available to all of the public, not just the wealthy and privileged. This is a free country with free public markets, and the government must not impose needless and burdensome restrictions on investor choice. Thank you for your careful and thoughtful consideration.