I oppose the regulatory requirement proposed by FINRA, in particular a cooling off period and net worth requirement. I currently used leveraged ETFs to enhance returns (fully understanding the downside risks) and I use them as a limited part of my overall portfolio. I'm fully capable of understanding leveraged and inverse leveraged funds and their risks. If FINRA imposes regulations, I believe there will be a disorderly unwinding of positions and existing investors could potentially incur substantial and permanent losses during the current period of market volatility. Thank you for your consideration.
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Michael Shirk Comment On Regulatory Notice 22-08
I oppose the regulatory requirement proposed by FINRA, in particular a cooling off period and net worth requirement. I currently used leveraged ETFs to enhance returns (fully understanding the downside risks) and I use them as a limited part of my overall portfolio. I'm fully capable of understanding leveraged and inverse leveraged funds and their risks. If FINRA imposes regulations, I believe there will be a disorderly unwinding of positions and existing investors could potentially incur substantial and permanent losses during the current period of market volatility. Thank you for your consideration.