I'm opposed to the Nanny State and attempts to stop me from investing how I like. Leveraged and inverse funds are an interesting component to a diverse portfolio. Removing these would only handicap individual investors, which is not fair. They can be used along side unleveraged standard ETF's to enhance performance or hedge during time of high volatility. They are excellent products.
Fred Durham Comment On Regulatory Notice 22-08
I'm opposed to the Nanny State and attempts to stop me from investing how I like. Leveraged and inverse funds are an interesting component to a diverse portfolio. Removing these would only handicap individual investors, which is not fair. They can be used along side unleveraged standard ETF's to enhance performance or hedge during time of high volatility. They are excellent products.