Response to the Financial Industry Regulatory Authority (FINRA) proposed rules on leveraged ETFs Leveraged ETFs may be volatile but it is not more volatile than many individual securities. In addition to uncertainties with individual stocks. Investors are able to allocate the use of leveraged ETFs to diverse their assets to fit their risk tolerance against the effects of a volatile and uncertain market. Placing restrictive rules on leveraged ETFs makes no more sense than putting rules on individual securities that are as volatile or more volatile than leveraged ETFs. I have benefitted from having leveraged ETFs in my investment portfolio and to impose restrictive rules would reflect, to me, the lack of knowledge of financial regulators or an overreaction to complaints from inexperienced investors. James L. Tom An individual investor
James Tom Comment On Regulatory Notice 22-08
Response to the Financial Industry Regulatory Authority (FINRA) proposed rules on leveraged ETFs Leveraged ETFs may be volatile but it is not more volatile than many individual securities. In addition to uncertainties with individual stocks. Investors are able to allocate the use of leveraged ETFs to diverse their assets to fit their risk tolerance against the effects of a volatile and uncertain market. Placing restrictive rules on leveraged ETFs makes no more sense than putting rules on individual securities that are as volatile or more volatile than leveraged ETFs. I have benefitted from having leveraged ETFs in my investment portfolio and to impose restrictive rules would reflect, to me, the lack of knowledge of financial regulators or an overreaction to complaints from inexperienced investors. James L. Tom An individual investor