I have been using leveraged and/or inverse ETFs, according to market conditions and my specific investment goals, for more than fifteen years. They are vital to hedging strategies, and they deliver greater performance for fewer invested dollars, making them more efficient in many different circumstances than standard ETFs or direct equity investments. I can make my own decisions, and I don't need anyone protecting me from myself.
Steven Lang Comment On Regulatory Notice 22-08
I have been using leveraged and/or inverse ETFs, according to market conditions and my specific investment goals, for more than fifteen years. They are vital to hedging strategies, and they deliver greater performance for fewer invested dollars, making them more efficient in many different circumstances than standard ETFs or direct equity investments. I can make my own decisions, and I don't need anyone protecting me from myself.