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Edward Smedley Comment On Regulatory Notice 22-08

Edward Smedley
N/A

This is an insane idea to add more regulation to Leverage ETFs. From a practical perspective, think of how much higher risk there is involved investing in a single stock like Tesla, Netflix, Nvidia vs. a leveraged ETF like SSO or UPRO that is allocated over hundreds of stocks. Would you ever consider limiting how much of a single stock an individual can own? Of course not, yet that is a far riskier pursuit than owning a portion of you money in leveraged ETFs. Do not pursue regulations that limit the freedoms of how an individual investor chooses to allocate their risk. We do not need further policing in this endeavor. Thank your for your time.