Hye Kosover Comment On Regulatory Notice 22-08
I strongly believe regulators should highly regulate the availability of these investment products to the general public. Regulators most certainly should require investors meet particular investment knowledge standards before buying any leveraged ETN or ETF. As an owner of both products with more than 25 years of investment experience, these products are extremely complex and have complicated tax ramifications. The original offering prospectus offen changes terms, exclusively benefiting the Issuer. The general public is ill-prepared to understand the legal termiminology and risks.