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Christopher Rauen Comment On Regulatory Notice 22-08

Inverse ETFs that have positive returns when the overall market is down is absolutely vital to hedging an investment portfolio, especially given the recent market declines. These investments should not be restricted to a privileged few but should be made available to all the public. I heartily oppose any legislative action to restrict the right to make this kind of investment.

Alvin Medina Comment On Regulatory Notice 22-08

Hey [REDACTED], I know your plan, regulate this so the market prices crash, let institutions but and then sell for sky high prices. This way they can book profits and you [REDACTED] can get taxes by 4/15 next year to pay for all the expenses incurred [REDACTED] in the WH. The American public is much smarter than what they used to be. [REDACTED] first go and implement this [REDACTED] in the WH [REDACTED], then we talk about this to private investors. I hope you get this message straight up [REDACTED].

Timothy Sepik Comment On Regulatory Notice 22-08

As a former Registered Representative with PaineWebber and traded successfully Inverse Commodity and Equity ETN's, one as ticker tape reader and using regression programs for trend analysis, I appreciate the opportunity within my IRA to protect the account value of cash long and short. The issue of Future contracts, Currency Swaps, and Repurchase Agreements are internal to the ETNs, themselves, and really unimportant to the simple fact if the tape moves 1% to the S&P I earn 2% or 3%.