Brian Miller Comment On Regulatory Notice 22-08
I am a retail investor and I invest in what might be considered "complex" products such as volatility ETFs and leveraged ETFs. I could simply trade futures contracts and replicate these strategies, however investing in ETFs that maintain those positions is easier. I am aware of the risks of these funds and investigate their strategies carefully before investing. In many cases, I have my own models that simulate the performance of their strategies. Overall, I've done well with these funds and I am satisfied that they are sufficiently regulated.