Thomas Noriega Comment On Regulatory Notice 22-08
As an investor, I should not be limited in my right to purchase levered or inverse ETFs. These instruments can allow me to generate outsized returns under certain market environments and are a complementary hedging strategy. We live in a world where the dispersion of returns between ultra high net worth individuals and retail investors continues to get larger. Taking away a powerful tool from retail investors' toolkits is a step back with regard to improving the regulatory landscape.