It is of utmost importance that people have the full freedom to deploy their money into whatever they want without major obstructions.
As it is, to protect investors, ETFs already have disclaimers, which spell out the risks. In addition, some broker accounts won't even let investors buy some ETFs or penny stocks unless the risk profile is set to be "aggressive".
When the market crashes, the majority of the market goes down, so short ETFs could be incredibly crucial for people to have, since these ETFs might be among the most profitable positions worth having in a market downturn.
Making more regulations will only add more obstacles and confusion, and likely discourage many market participants from doing the very thing they should be doing when the market goes down.
I much prefer leaving it to the free market to decide which ETF providers give the best ETFs worth holding or discarding. If market participants demand more information regarding risks and facts, I'm confident ETF providers hungry for business will surely fill that need.
Finally, I used to be a finance professional. I know the difference between "investing" and "speculating", and I understand that life is all about risks. Free people take risks every single day, and they decide for themselves what risk profile they're willing to take on based on their own unique situation and their own unique preferences.
Please put this concern of yours to rest and leave the market alone on this matter. Thanks.
Lee Schloss Comment On Regulatory Notice 22-08
It is of utmost importance that people have the full freedom to deploy their money into whatever they want without major obstructions.
As it is, to protect investors, ETFs already have disclaimers, which spell out the risks. In addition, some broker accounts won't even let investors buy some ETFs or penny stocks unless the risk profile is set to be "aggressive".
When the market crashes, the majority of the market goes down, so short ETFs could be incredibly crucial for people to have, since these ETFs might be among the most profitable positions worth having in a market downturn.
Making more regulations will only add more obstacles and confusion, and likely discourage many market participants from doing the very thing they should be doing when the market goes down.
I much prefer leaving it to the free market to decide which ETF providers give the best ETFs worth holding or discarding. If market participants demand more information regarding risks and facts, I'm confident ETF providers hungry for business will surely fill that need.
Finally, I used to be a finance professional. I know the difference between "investing" and "speculating", and I understand that life is all about risks. Free people take risks every single day, and they decide for themselves what risk profile they're willing to take on based on their own unique situation and their own unique preferences.
Please put this concern of yours to rest and leave the market alone on this matter. Thanks.