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Steven Penner Comment On Regulatory Notice 22-08

As an individual investor, I should be free to choose which types of risks and investment strategies I want to use. While leveraged ETFs are more risky than some other types of investments, the same is true of regular equities compared to bonds, and options compared to equities, as commodities compared to precious metals compared to crypto currencies, and as a savings account compared to collectibles.

Everyone has their own strategy, knowledge, and risk tolerance that is unique to their own situation. Let people decide for themselves how they want to proceed.

Kedar Kulkarni Comment On Regulatory Notice 22-08

There are already several restrictions in place that make the public markets unfair towards those who are not institutional or professional traders as is demonstrated by the GME debacle. The risks of leveraged products are well advertised and there should not be government restrictions on those who choose to take those risks. Leveraged investments vehicles as those from ProShare/Direxion provide a cheap way for the home investor to include some leverage in their portfolio and even the playing field with large institutions who have cheap access to leverage the small investor does not.