Skip to main content

Allan Wade Comment On Regulatory Notice 22-08

Im not certain about the rationale behind your proposed limitation of trading leveraged exchange traded funds.
People can open options accounts and lose money very quickly. And these accounts exemplify confusion. Condors, straddles, bow ties, synthetic buys, etc.
People can open futures account and lose money very quickly.
People can open Forex accounts and lose money extremely quickly.
People can open bitcoin and other cryptocurrency accounts and lose money very quickly.

Charles Edwards Comment On Regulatory Notice 22-08

Sir or Madam,

I would like to object to the possible new regulations concerning under what circumstances some investors may be prevented or limited from trading leveraged and inverse ETFs. Specifically:

Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through cooling off periods during which you cant invest

Steve Lichtblau Comment On Regulatory Notice 22-08

The ability to trade inverse and leveraged investment vehicles as well as closed end funds, volatility assets, stocks bonds and options are all equally important to me personally! Regulators should not be able to determine what I as a long term sophisticated investor should be able to trade. There is no reason to make me subject to any special process or approvals, I have been using them for a couple of years and understand the risks associated with all of these investment vehicles. I understand the use of leverage, maybe better than our govt!

Brent Lyons Comment On Regulatory Notice 22-08

I am a Financial Advisor with LPL Financial and have been in the business for over 30 years. I have been using Proshare inverse ETFs with client portfolios purely as a hedge in accordance to LPL firm guidelines and limitations. My clients are generally pre-retired or retired folks, none of whom one would categorize as super rich. I comply with firm requirements and limitations related to the use of inverse ETFs.