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Payson Welch Comment On Regulatory Notice 22-08

Payson Welch
N/A

I have been trading leveraged ETFs both long and inverse since 2008. I also read prospectus, SEC filings, etc, and understand the risks involved. I have not had any major losses due to leveraged ETFs, inverse or otherwise and pay close attention to any warnings my brokers provide on a regular basis about the risks involved.

The changes you are proposing are unfounded and are attempting to fix a problem that does not exist. Furthermore these proposed changes are tantamount to economic class warfare.

Do not implement these changes.