Regarding Regulatory Notice 22-08, I am submitting my comments opposed to this proposed regulation. Limiting access to inverse and leveraged ETFs is unnecessary and only reinforces public opinion that the 'system is rigged' against the retail investor.
I have used these ETFs for short-term positions and have found the disclosures and warnings about these issues to be clear and prominent. I support monitoring these funds, or putting in place mechanisms for disclosing the nature of such funds, but removing access to them is not the solution. These funds are valuable tools for creating complex strategies and positions and are of value to the retail investors.
Removing access to them will only reinforce the position that regulators and financial institutions only serve insiders and hedge funds. Retail investors deserve access to leverage and hedged funds when appropriately disclosed and monitored.
Steve Taylor Comment On Regulatory Notice 22-08
Regarding Regulatory Notice 22-08, I am submitting my comments opposed to this proposed regulation. Limiting access to inverse and leveraged ETFs is unnecessary and only reinforces public opinion that the 'system is rigged' against the retail investor.
I have used these ETFs for short-term positions and have found the disclosures and warnings about these issues to be clear and prominent. I support monitoring these funds, or putting in place mechanisms for disclosing the nature of such funds, but removing access to them is not the solution. These funds are valuable tools for creating complex strategies and positions and are of value to the retail investors.
Removing access to them will only reinforce the position that regulators and financial institutions only serve insiders and hedge funds. Retail investors deserve access to leverage and hedged funds when appropriately disclosed and monitored.