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Seth Gordon Comment On Regulatory Notice 22-08

Seth Gordon
N/A

Investors should be free to select which investments they feel are reflective of their risk level. It is asinine that the talk of banning leveraged ETFs is circulating when 18 year olds can place 100% of their money into a meme stock and then still access margin to double down on their stupidity, which is objectively more risky than a properly balanced, risk adjusted, leveled ETF portfolio. We need less regulation in this space. Should information be avaliable? Yes! It already is via fund documents. Should levered ETFs be banned? Absolutely not. It gives the common investor like me access to leverage without making it complicated and limits my risk. Instead of owning money if things go south with margin, my leveraged ETF will just go to zero. Not negative. Please do not remove an effective tool for us common folk.