I oppose new rule making that would make leveraged and inverse ETFs difficult or impossible for normal investors to buy. I have used these sorts of ETFs in the past profitably for both hedging risks and investment purposes. I believe these products are both understandable and useful to the average investor.
Given the recent blow-up of so-called qualified investors and family offices like Bill Hwang, I would much rather regulators focus their time on tightening the rules in places that are systemically important, like large private funds rather than on small individual investors.
Forrest Hilton Comment On Regulatory Notice 22-08
I oppose new rule making that would make leveraged and inverse ETFs difficult or impossible for normal investors to buy. I have used these sorts of ETFs in the past profitably for both hedging risks and investment purposes. I believe these products are both understandable and useful to the average investor.
Given the recent blow-up of so-called qualified investors and family offices like Bill Hwang, I would much rather regulators focus their time on tightening the rules in places that are systemically important, like large private funds rather than on small individual investors.