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Devon Sherwood Comment On Regulatory Notice 22-08

To Whom It May Concern,

Leveraged funds provide the opportunity for growth with limited downside for investors. While more volatile, the risk/return ratio for a triple leveraged S&P fund would be close to the same as a regular index fund. There is risk in any investment. With leveraged etfs, your investment is more diversified than investing in individual securities. Please keep the free market free! As long as there is no fraud and no one is being preyed upon, you should be able to make investment choices on your own.

Lu Yu Comment On Regulatory Notice 22-08

It poses a severe threat towards market fairness. It's like locking people in home because of Flu, but except the rich people. Retail traders or investors should be able to freely choose whatever products that fit their trading strategies. Finance is NOT only for the rich or the privileged. We know what leveraged or inverse funds are. Also, the liquidity will be severely affected if passed.

Dirk Jungquist Comment On Regulatory Notice 22-08

As a long time investor the idea that I can not understand the risks of complex and leveraged funds is ridiculous. I regularly use these type assets to hedge against things like the current rise in interest rates and do not require the government to hold my hand while I use them. The market is not a FDIC insured bank account and investors are regularly informed that they can lose money and if they are using leveraged funds that they can lose it in a hurry. Current broker disclosures when beginning purchase of these types of assets is sufficient.