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Elizabeth Misner Comment On Regulatory Notice 22-08

While leveraged and inverse funds have different levels of risk than non-leveraged finds, the public should have access to these publicly traded investments, not just high net worth individuals. Inverse funds are an important means of hedging without selling a security or ETF short, which is (relatively) lower risk for an investor and an important part of my personal investment strategy. Leveraged funds are also a (relatively) lower risk and more straightforward choice for an investor than options. I use them both long and inverse.

John Polivko Comment On Regulatory Notice 22-08

Investors, like the freedom of speech, need to have the latitude to discern and invest in product of their choosing. The products in which you are attempting to limit, are essential to hedging positions and mitigating directional risk. These tools are also useful in speculative positions, inherent to investors with strong views on market direction. Do not alter our ability to participate in the market.