I have been investing since 1982. I understand the risks [and benefits] in using leveraged and inverse funds [and puts and calls]. These risks are listed in the prospectus of each such mutual fund or ETF, which each investor receives. I use leveraged and inverse funds frequently. When the Fed raises rates, TBT is a great fund to use. I am up $7,800 with that since last December, and just doubled my investment amount there before the Fed meeting Wednesday. There is no valid reason to restrict the general public from using these hedges so that only a select few "elites" can do so thereafter.
Robert Oaks Comment On Regulatory Notice 22-08
I have been investing since 1982. I understand the risks [and benefits] in using leveraged and inverse funds [and puts and calls]. These risks are listed in the prospectus of each such mutual fund or ETF, which each investor receives. I use leveraged and inverse funds frequently. When the Fed raises rates, TBT is a great fund to use. I am up $7,800 with that since last December, and just doubled my investment amount there before the Fed meeting Wednesday. There is no valid reason to restrict the general public from using these hedges so that only a select few "elites" can do so thereafter.