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Spencer Levy Comment On Regulatory Notice 22-08

Spencer Levy
N/A

Leveraged and Inverse ETFs are very important for portfolio construction. Leveraged inverse ETFs are an inexpensive way to hedge a portfolio. For example, I was hedged with SPXS and SQQQ in March 2020. As a result, my portfolio did not go down as much as other people I know, and I wasn't stampeded out of the market. I held on and the market righted itself. Without leveraged inverse ETFs, I'd be forced to buy puts to hedge my portfolio, and that's a good way to lose money quickly. Please leave leveraged and inverse ETFs untouched. Thank you.