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David Saxe Comment On Regulatory Notice 22-08

I understand you are considering passing a bill to limit my ability to invest in certain funds. I am against any bills that would limit that ability. One of the restrictions would be on leveraged funds for which I have several. Your restrictions will cause them to loose great value and that is not something I want affecting my personal wealth.
I understood the risks involved before I bought them but you restricting them were not one of the risks I took.
Thank you
David Saxe

Jan Stein Comment On Regulatory Notice 22-08

While I do not extensively use leveraged and inverse funds I do on occasion use these types of funds at time on limited basis for example I am currently using the TBT, leveraged and inverse, fund along side the TLT shares that I currently hold to reduce the need to exit my position in TLT to collect the monthly dividend and minimize the loss in the value of the long position of the bond during the current cycle.

I would like to continue to use such an inverse, and in this case a leveraged, funds (ETFs) as part of my investment strategy.