Ladies and Gentlemen,
As a retired RIA and portfolio manager who spent more than 25 years managing assets and advising private clients, I object to FINRA's Notice #22-08 proposing to limit access to leveraged and inverse ETFs. While there will always be a handful of novice and unsophisticated clients who may harm themselves by trading financial instruments they don't fully understand, the vast majority of market participants find these tools essential for both trading and hedging. Please DO NOT pursue this action. The emphasis should remain on the brokerage platforms to educate their clients or limit access to more esoteric products.
James Martin Comment On Regulatory Notice 22-08
Ladies and Gentlemen,
As a retired RIA and portfolio manager who spent more than 25 years managing assets and advising private clients, I object to FINRA's Notice #22-08 proposing to limit access to leveraged and inverse ETFs. While there will always be a handful of novice and unsophisticated clients who may harm themselves by trading financial instruments they don't fully understand, the vast majority of market participants find these tools essential for both trading and hedging. Please DO NOT pursue this action. The emphasis should remain on the brokerage platforms to educate their clients or limit access to more esoteric products.