Ronald Brown Comment On Regulatory Notice 22-08
I have come to learn that the FINRA is considering measures to curb investment availability of inverse and leveraged Exchange Traded Funds. I strongly object to any measures that could restrict my choice of using these ETF's.
I don't normally invest in these types of ETF's. I only use inverse ETF's during market down turns, like we are having now, to hedge my portfolio. I used them in previous market down turns in 1987 and 2008 to allow me maintain positions that wanted to hold long term and they did just what I wanted them to do.