Comments: I am an active retail trader of leveraged ETFs, including inverse funds. I object to all proposed regulations that might require me to suspend my trading activity, including but not limited to minimum capital requirements, and regulations that may restrict execution of trading orders. Persons should be free to engage in speculation in financial markets and the disenfranchisement of any particular group raises a question of equal protection of the law. Please allow the various brokers and ETF operators to continue to exercise their fiduciary responsibility towards their customers and impose their own suitability and margin requirements. Thank you for the opportunity to comment.
Douglas Pettis Comment On Regulatory Notice 22-08
Comments: I am an active retail trader of leveraged ETFs, including inverse funds. I object to all proposed regulations that might require me to suspend my trading activity, including but not limited to minimum capital requirements, and regulations that may restrict execution of trading orders. Persons should be free to engage in speculation in financial markets and the disenfranchisement of any particular group raises a question of equal protection of the law. Please allow the various brokers and ETF operators to continue to exercise their fiduciary responsibility towards their customers and impose their own suitability and margin requirements. Thank you for the opportunity to comment.