Regulation of these critical investment tools is wrong. Okay to buy long only equity index etfs and leveraged long etfs but not inverse etfs or leveraged inverse etfs ? Come on people why arent individual investors allowed to make money no matter the market direction? I recall the federal government tried to ban short selling financial stocks and indexes during the financial crisis in fall of 2008! But its still okay to buy stocks like Peleton and Paypal and watch those decline 90%? Or buy the QQQ and have it decline 80 pct like in 2000-2003? Or look at IBB (biotechs) Now!
Steve Wolf Comment On Regulatory Notice 22-08
Regulation of these critical investment tools is wrong. Okay to buy long only equity index etfs and leveraged long etfs but not inverse etfs or leveraged inverse etfs ? Come on people why arent individual investors allowed to make money no matter the market direction? I recall the federal government tried to ban short selling financial stocks and indexes during the financial crisis in fall of 2008! But its still okay to buy stocks like Peleton and Paypal and watch those decline 90%? Or buy the QQQ and have it decline 80 pct like in 2000-2003? Or look at IBB (biotechs) Now!