I occasionally use leveraged and inverse funds to hedge my portfolio. Those funds are safer than using options for that purpose, because they do not have the same time constraints. I use them for only 10% or 15% of my portfolio. Please do not make it more difficult to use those investments than it is now.
Thomas Piazza Comment On Regulatory Notice 22-08
Dear Sir:
I occasionally use leveraged and inverse funds to hedge my portfolio. Those funds are safer than using options for that purpose, because they do not have the same time constraints. I use them for only 10% or 15% of my portfolio. Please do not make it more difficult to use those investments than it is now.