Dear Sirs/Madams, It's come to my attention that you are considering regulating so-called complex or leveraged ETFs. As an active small investor, I implore you not to do so. I use these ETFs to hedge risk in the marketplace, and this gives me confidence in my investments, knowing that I can sustain market shocks, as well as to maintain reasonable rates of return. I have been using these for two years, and it has worked well for me. The notion of requiring a "test" for these ETFs strikes me as an undue and unreasonable hardship for myself and my fellow investors. Please do not impose this sort of onerous restrictions on me and others.
Robert Capozzi Comment On Regulatory Notice 22-08
Dear Sirs/Madams, It's come to my attention that you are considering regulating so-called complex or leveraged ETFs. As an active small investor, I implore you not to do so. I use these ETFs to hedge risk in the marketplace, and this gives me confidence in my investments, knowing that I can sustain market shocks, as well as to maintain reasonable rates of return. I have been using these for two years, and it has worked well for me. The notion of requiring a "test" for these ETFs strikes me as an undue and unreasonable hardship for myself and my fellow investors. Please do not impose this sort of onerous restrictions on me and others.