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.
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.