I am very concerned about the potential for regulatory over reach in controlling the management of personal portfolios, particularly hedging opportunities presented by leveraged ETFs. I object to new rules. Margin requirement management by brokers is most effective. Do not become a nanny state. No value in that, except for ineffective bureaucracies. I am retired but worked in the industry for my entire career. The industry is individual customer-focused. The government is not. I cite the mortgage debacle of government interference in an open market (no doc loans?). Who proposed that?
Jon Fatica Comment On Regulatory Notice 22-08
I am very concerned about the potential for regulatory over reach in controlling the management of personal portfolios, particularly hedging opportunities presented by leveraged ETFs. I object to new rules. Margin requirement management by brokers is most effective. Do not become a nanny state. No value in that, except for ineffective bureaucracies. I am retired but worked in the industry for my entire career. The industry is individual customer-focused. The government is not. I cite the mortgage debacle of government interference in an open market (no doc loans?). Who proposed that?
Back off