Regarding Regulatory Notice #22-08:
I am very much AGAINST the proposal to remove or restrict my access to tools that I use to maintain and enhance my financial security such as leveraged and inverse ETFs.
The fund families and brokerage houses themselves do a very good job of explaining the risks of these products. I have relied on these tools for years in conjunction with volatility-based trailing stops to manage my securities portfolio with great success.
I highly resent your efforts to restrict these valuable tools to your buddies in the securities sales industry.
Whats next? Will you outlaw options? Stocks themselves?
Shame on you!
Michael Holmes Comment On Regulatory Notice 22-08
Regarding Regulatory Notice #22-08:
I am very much AGAINST the proposal to remove or restrict my access to tools that I use to maintain and enhance my financial security such as leveraged and inverse ETFs.
The fund families and brokerage houses themselves do a very good job of explaining the risks of these products. I have relied on these tools for years in conjunction with volatility-based trailing stops to manage my securities portfolio with great success.
I highly resent your efforts to restrict these valuable tools to your buddies in the securities sales industry.
Whats next? Will you outlaw options? Stocks themselves?
Shame on you!