I use leveraged and inverse funds sometimes to hedge or balance positions or respond to geopolitical changes: it is difficult enough to profit in the market without more unnecessary regulatory hurdles I have not encountered any of these ETFs that were especially opaque, hard to understand, or misleading: these products' labels do not need to be any clearer than they already are, nor do I want or need any agency giving me a financial IQ test or a means test(as you do for pattern day trading). I assume most investors do not get involved with these products until they have the experience and knowledge to deal with them. I oppose the Proposed Rule.
Robert Reilly Comment On Regulatory Notice 22-08
I use leveraged and inverse funds sometimes to hedge or balance positions or respond to geopolitical changes: it is difficult enough to profit in the market without more unnecessary regulatory hurdles I have not encountered any of these ETFs that were especially opaque, hard to understand, or misleading: these products' labels do not need to be any clearer than they already are, nor do I want or need any agency giving me a financial IQ test or a means test(as you do for pattern day trading). I assume most investors do not get involved with these products until they have the experience and knowledge to deal with them. I oppose the Proposed Rule.