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Glen Reynolds Comment On Regulatory Notice 22-08

Glen Reynolds
N/A

Greetings,

I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing, understand the risks (and benefits), and as such, the proper use of these leveraged products is a key part of my financial plan.

These funds are important to my plan; they improve my performance over the long haul. I am not engaged in reckless trading. I understand the effect of daily magnification of an indexs price movement; I use this magnification to my advantage.

I do not want a third party evaluating my ability to manage these funds, and certainly do not want one preventing me from buying them.

If leveraged funds are restricted to accredited or wealthy investors only, won't this contribute to the wealth gap in the country as the rich get richer in sophisticated products while everybody else languishes in plain old index funds.

Please allow educated, informed investors the option of leveraged funds without barriers.