Dear FINRA, Both leveraged & inverse ETFs are an important part of my hedging strategy as a retail investor & trader. I do understand your concern for protecting an average investor. But the issuers adequately explain their unusual risk characteristic & I have been able to successfully build my portfolio with these ETFs included. I specifically use a forward & an inverse ETF pair on the same underlying index to minimize risk in my covered options trade. I would not want to have any restriction imposed on their use! Thank you for understanding.
Mohammad Kamal Comment On Regulatory Notice 22-08
Dear FINRA, Both leveraged & inverse ETFs are an important part of my hedging strategy as a retail investor & trader. I do understand your concern for protecting an average investor. But the issuers adequately explain their unusual risk characteristic & I have been able to successfully build my portfolio with these ETFs included. I specifically use a forward & an inverse ETF pair on the same underlying index to minimize risk in my covered options trade. I would not want to have any restriction imposed on their use! Thank you for understanding.