Leveraged and inverse ETFs provide me an opportunity to protect long-term investment of hard earned capital during natural shifts in market conditions, rather than try and time the market and sell long-term investments to later rebuy (a proven ineffective strategy). To buy protective options is considerably more risky, and cost-prohibitive. These ETFs allow everyday investors a clear manageable method to protect and grow our savings. Losing these products would push diligent investors further out the risk curve into the by options market or being subject to greater capital loss and/ or missed compounding. Please consider unintended consequences of your proposal and maintain fair access to all investors who are playing on the same field.
Kellen Murphy Comment On Regulatory Notice 22-08
Leveraged and inverse ETFs provide me an opportunity to protect long-term investment of hard earned capital during natural shifts in market conditions, rather than try and time the market and sell long-term investments to later rebuy (a proven ineffective strategy). To buy protective options is considerably more risky, and cost-prohibitive. These ETFs allow everyday investors a clear manageable method to protect and grow our savings. Losing these products would push diligent investors further out the risk curve into the by options market or being subject to greater capital loss and/ or missed compounding. Please consider unintended consequences of your proposal and maintain fair access to all investors who are playing on the same field.