So I have used leveraged and inverse ETFs for approximately 10 years as a way to channel my investing when I believe a certain segment of the market has been oversold/overbought. Further, I may use them to hedge my existing positions. I believe it's my right to choose these investments as I see fit without having to pass some artifical test. After all, the firms that I trade with have their own disclosures to their client base on these types of investments, which I feel is more than sufficient to protect consumers.
Peter Scheuer Comment On Regulatory Notice 22-08
So I have used leveraged and inverse ETFs for approximately 10 years as a way to channel my investing when I believe a certain segment of the market has been oversold/overbought. Further, I may use them to hedge my existing positions. I believe it's my right to choose these investments as I see fit without having to pass some artifical test. After all, the firms that I trade with have their own disclosures to their client base on these types of investments, which I feel is more than sufficient to protect consumers.