For the past nine years I've successfully used leveraged ETFs to manage our family's portfolios, paying for college for our children, buying cars, and covering other household expenses.
As with all investment products, we as individual investors have the right to choose what vehicles are best for our needs, not some government entity.
Understanding leveraged ETFs is not difficult, we don't use them as trading vehicles, but as long term strategies to hedge our portfolios and make strategic financial decisions.
Unless your desire is to centralize all investment strategies under a government edict including investing in stocks, bonds, notes, and commodities, it is wrong for you to attempt to limit our choices. The US is not a grandfather state, we are adults and able to successfully choose for ourselves what our investment strategies will be, not some government bureaucrat.
Thomas Kennedy Comment On Regulatory Notice 22-08
For the past nine years I've successfully used leveraged ETFs to manage our family's portfolios, paying for college for our children, buying cars, and covering other household expenses.
As with all investment products, we as individual investors have the right to choose what vehicles are best for our needs, not some government entity.
Understanding leveraged ETFs is not difficult, we don't use them as trading vehicles, but as long term strategies to hedge our portfolios and make strategic financial decisions.
Unless your desire is to centralize all investment strategies under a government edict including investing in stocks, bonds, notes, and commodities, it is wrong for you to attempt to limit our choices. The US is not a grandfather state, we are adults and able to successfully choose for ourselves what our investment strategies will be, not some government bureaucrat.