Ive been trading leveraged ETFs for over 18 months. To me it seems that you would do more harm to stop a self-directed traders ability to continue while they already have investment in the product. I could go on and on. But I will just say stopping someone especially in a bear market does not give them a chance to use leverage funds to make profit over the long term. That isnt right. You would hurt so many people. I have used for 18 months on my own and I am very happy with leveraged ETFs and self-directed trading. I dont want to trade vanilla funds. I believe regulators should stay out in this one. I would be hurt badly financially if I had to stop In the middle of the game Instead of making up the three times when the market is going up and only making one time the money. And I do get that its not 100% accurate math But, overall you know Im right. Not fair. As I have used for 18 months already. It would also be horrible and inefficient if I had to try to go to some professional to make trades when seconds and minutes matter. It is far too late to regulate now and mess up so many people.
Scott Meyer Comment On Regulatory Notice 22-08
Ive been trading leveraged ETFs for over 18 months. To me it seems that you would do more harm to stop a self-directed traders ability to continue while they already have investment in the product. I could go on and on. But I will just say stopping someone especially in a bear market does not give them a chance to use leverage funds to make profit over the long term. That isnt right. You would hurt so many people. I have used for 18 months on my own and I am very happy with leveraged ETFs and self-directed trading. I dont want to trade vanilla funds. I believe regulators should stay out in this one. I would be hurt badly financially if I had to stop In the middle of the game Instead of making up the three times when the market is going up and only making one time the money. And I do get that its not 100% accurate math But, overall you know Im right. Not fair. As I have used for 18 months already. It would also be horrible and inefficient if I had to try to go to some professional to make trades when seconds and minutes matter. It is far too late to regulate now and mess up so many people.