Ordinary investors have very little ways to protect themselves against bear or declining markets, and inverse ETFs provide that opportunity. Hedging is absolutely necessary to protect ordinary Americans' hard-earned gains. To take that away or leave it to only the richest is outrageous. I urge you to stop this overreach into Americans' financial affairs, and to continue to allow these valuable products to be sold to anyone who chooses.
Jeffrey Abfall Comment On Regulatory Notice 22-08
Ordinary investors have very little ways to protect themselves against bear or declining markets, and inverse ETFs provide that opportunity. Hedging is absolutely necessary to protect ordinary Americans' hard-earned gains. To take that away or leave it to only the richest is outrageous. I urge you to stop this overreach into Americans' financial affairs, and to continue to allow these valuable products to be sold to anyone who chooses.