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LP Comment On Regulatory Notice 22-08

It does not make any sense to try and make it harder for the common man to invest in the very vehicles designed for them in the first place. An ETF was originally made by Morningstar to make it so anyone could invest without having to have extensive knowledge or even actually knowing about investing. And now you want to undermine this? This tactic is nefarious and you all should be ashamed. Maybe get some trading skill of your own if you can compete with the average Joe and his ETF.

David Elias Comment On Regulatory Notice 22-08

There are many securities that are highly volatile. People legally invest in penny stocks and crypto currency. Why were these ETFs singled out? They serve a real purpose. I have used them personally to address or hedge broad market positions and commodity positions. I think it is up to the investor and their advisors to select appropriate investments.
I suspect more harm has been done to investors in securities such as Netflix and others that have huge sell offs than has been done by all of the leveraged and inverse ETFs.