To Whom It May Concern:
Leveraged ETFs like those sold by pro shares are important in that they allow the average investor a way to hedge certain parts of their portfolio. Not allowing this would give the large houses and hedge funds an unfair advantage in the market. Investors that purchase these products know what they are. Quit trying to hamstring them.
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Justin Brown Comment On Regulatory Notice 22-08
To Whom It May Concern:
Leveraged ETFs like those sold by pro shares are important in that they allow the average investor a way to hedge certain parts of their portfolio. Not allowing this would give the large houses and hedge funds an unfair advantage in the market. Investors that purchase these products know what they are. Quit trying to hamstring them.