Michael Murdock Comment On Regulatory Notice 22-08
Michael Murdock
N/A
Dear FINRA,
I have successfully used leveraged (3x) ETFs as part of my investment strategy for many years now. They give me a safer way to capture large movements in the market than trading options would.
For example, if you buy a call option on the SPX, that investment could go to zero if you don't time your trade correctly.
However, when buying a 3x leveraged ETF like UPRO, your investment will not go to zero unless the S&P 500 itself goes to zero (which would be the end of the world).
Please do not hinder the ease in which I can leverage these important assets.
Michael Murdock Comment On Regulatory Notice 22-08
Dear FINRA,
I have successfully used leveraged (3x) ETFs as part of my investment strategy for many years now. They give me a safer way to capture large movements in the market than trading options would.
For example, if you buy a call option on the SPX, that investment could go to zero if you don't time your trade correctly.
However, when buying a 3x leveraged ETF like UPRO, your investment will not go to zero unless the S&P 500 itself goes to zero (which would be the end of the world).
Please do not hinder the ease in which I can leverage these important assets.