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Leonard Riches Comment On Regulatory Notice 22-08

The right of investors to elect to put their hard earned money into inverse or leveraged ETFs should not be impeded through regulation. The issuers of the ETFs should be required to provide sufficient information to the investor regarding the potential risks of an investment in their ETF; however, the final decision should be up to the individual investor. Cryptocurrencies, lotteries and casino gaming pose a much greater risk to the loss of the initial "investment"; however, those are not regulated, except for by age.

Kevin Chapman Comment On Regulatory Notice 22-08

Please do not regulate levered ETFs more than already existing regulations. These would just cause higher expenses to existing brokers to ensure that the paperwork is accurate. I think the increase of options trading has added to market volatility not the levered ETFs. These provide a great way for active traders to express their investment views day to day. I believe current regulations are enough.