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.
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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.