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Henry Swiftney Comment On Regulatory Notice 22-08

HENRY SWIFTNEY
N/A

Comments:I am a long time investor and have used various brokerage houses for my stock portfolio. I have traded both leveraged and inverse ETFs. It has been my experience that major brokerage houses have advised me of the caution that should be taken in trading these Funds. In addition Direxion has excellent tutorials on the use of these Funds. The use of these Funds is no different than the use of margin. Brokerage houses limit the use of both based upon the rules that they have in place and the knowledge level of each customer. These are unique investment products that allow knowlegable investors to trade in various sectors of the market. Knowledge is power and the role of FINRA is that. Donot limit but expand use by showing the benefits and risks involved.