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Randall Stone Comment On Regulatory Notice 22-08

Randall Stone
N/A

I am an active individual investor, investing my funds in both IRAs and taxable accounts with Charles Schwab brokerage. I use 2X and 3X leveraged ETFs with some frequency to increase the return in both types of accounts. Less frequently, but periodically, I use an inverse fund to effectively short the market when it is in a downdraft phase. I use SH and DUST. Both leveraged and inverse ETFs are useful to me in trading, but they are not dominant in my portfolio. 90% of my investments are in normal 1X long ETFs or individual stocks. So, I do not have undue exposure to the leveraged or inverse products. Please DO NOT REMOVE our ability as individual investors or traders to use these quite useful products.