Timothy Bosworth Comment On Regulatory Notice 22-08
Timothy Bosworth
N/A
Hello,
I am adamantly opposed to any restrictions being placed on my ability to invest in inverse or leveraged ETFs. These funds make it plainly obvious that there is significant risk involved, but I for one have decided that there is a place for them in my portfolio.
If you're really concerned about protecting investors, perhaps you should focus your attention on illiquid and NON-traded securities, which often trap investors who are sold on guaranteed income streams and outsized returns. Oh, and BTW - these non-traded securities (REITs, BDCs, etc) often pay high commission rates. No wonder so may brokers are keen to pitch them to retirees.
Focus on the really dangerous products first; leave ETFs of any kind alone please.
Timothy Bosworth Comment On Regulatory Notice 22-08
Hello,
I am adamantly opposed to any restrictions being placed on my ability to invest in inverse or leveraged ETFs. These funds make it plainly obvious that there is significant risk involved, but I for one have decided that there is a place for them in my portfolio.
If you're really concerned about protecting investors, perhaps you should focus your attention on illiquid and NON-traded securities, which often trap investors who are sold on guaranteed income streams and outsized returns. Oh, and BTW - these non-traded securities (REITs, BDCs, etc) often pay high commission rates. No wonder so may brokers are keen to pitch them to retirees.
Focus on the really dangerous products first; leave ETFs of any kind alone please.