To Whom,
I am of moderate net worth (under $3M). I am retired and have been trading for decades. I started using leveraged ETFs long ago, and the ample warnings made me research the issues. I did, and I traded accordingly. Yes, risks are higher, but so too are the rewards, and the warnings that explain the risk that come along with these products are what is needed.
The proposed regulations are ludicrous. These same people can get set-up to trade futures! Many of the leveraged ETFs are of much lower volatility.
I really suggest that the warnings and education of their risks should be increased some, but PLEASE .. stop protecting us all as we all are ignorant children. Let us breathe, and let us trade these products.
Ralph DAngelo Comment On Regulatory Notice 22-08
To Whom,
I am of moderate net worth (under $3M). I am retired and have been trading for decades. I started using leveraged ETFs long ago, and the ample warnings made me research the issues. I did, and I traded accordingly. Yes, risks are higher, but so too are the rewards, and the warnings that explain the risk that come along with these products are what is needed.
The proposed regulations are ludicrous. These same people can get set-up to trade futures! Many of the leveraged ETFs are of much lower volatility.
I really suggest that the warnings and education of their risks should be increased some, but PLEASE .. stop protecting us all as we all are ignorant children. Let us breathe, and let us trade these products.
thanks.