Michael Wurdack Comment On Regulatory Notice 22-08
Michael Wurdack
N/A
Dear sirs and/or madams:
I am opposed to regulatory restrictions on the purchase of leveraged and/or inverse ETF's and other similar products. Leveraged and most certainly inverse ETF's afford the average investor types of protections to the value of investments not otherwise available. Regulations currently restrict 401Ks from shorting equities. The average 401K investor has no other choice in a down market other than to go into cash, which in a highly inflationary economy guarantees a decline in the value of investments. Restricting access to these products is an unnecessary overreach in government regulation and will undoubtedly result in unforeseen consequences, not of a favorable nature, such as withdrawal of funds from the U.S. equity markets.
Michael Wurdack Comment On Regulatory Notice 22-08
Dear sirs and/or madams:
I am opposed to regulatory restrictions on the purchase of leveraged and/or inverse ETF's and other similar products. Leveraged and most certainly inverse ETF's afford the average investor types of protections to the value of investments not otherwise available. Regulations currently restrict 401Ks from shorting equities. The average 401K investor has no other choice in a down market other than to go into cash, which in a highly inflationary economy guarantees a decline in the value of investments. Restricting access to these products is an unnecessary overreach in government regulation and will undoubtedly result in unforeseen consequences, not of a favorable nature, such as withdrawal of funds from the U.S. equity markets.