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Michael Santoro Comment On Regulatory Notice 22-08

I would like to retain my rights to invest in the type of investment vehicles I choose. I believe I understand these types of investments and would like to use them when I chose to do so. In particular I would like to use an inverse ETF vehicle when I think the market is going down.
This gives me the option of buying an ETF like a stock when I think the market is going down. The alternative is to use an option which I feel is more risky that the inverse ETF

Please do not take this right from me

Best Regards

Michael Santoro

Glenn Cook Comment On Regulatory Notice 22-08

Leveraged ETFs, including inverse funds are an important tool to everyday retail investors to hedge their assets and to increase their chances for successful investing and trading. These funds give the small investor an opportunity to compete with the big brokerage firms in a highly manipulated market, often fueled by high frequency trading of stocks, bonds, and options. I strongly reject the arguments that regulating these funds and requiring tests (probably written by the same high frequency traders) to determine eligibility will benefit the individual inverstor.

Daniel Rojo Comment On Regulatory Notice 22-08

I wholeheartedly disagree with any regulations that restrict my right to purchase leveraged investments. As a licensed CPA, with a Bachelors and Masters degree, working in a corporate finance department, I find it outlandish to propose such a policy that will limit the access of public investments to others due to the risk entailed (which is disclosed by brokers) or due to ones net worth. Net worth requirements that result in the restrictions of public investments are discriminatory. Investments have changed my life. Compounding interest has changed my life.