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!
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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!