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Jeffrey Bolden Comment On Regulatory Notice 22-08

Comments: Back in the 1990s when I started it was quite common for people who wanted to trade leveraged diversified products to establish a mutual fund account at Rydex (now part of Guggenheim). There were other products which were similar at the time though I think most have closed. The most popular trading were the Fidelity Select funds which had a 3% load specifically to allow for more rapid trading of various types. These products don't not seem much different to me than the ETF broker based systems of today.

Chris Tate Comment On Regulatory Notice 22-08

Please do not restrict the public's ability to utilize leveraged and inverse ETFs as investment vehicles. These instruments provide investors with great methods to hedge portfolios, enhance returns, and fine-tune an investment portfolio.

I frequently use these types of ETFs to mitgate downside risks, target specific sectors, and hedge against market risks.

In my view, the public should have the ability to make these types of investment decisions on their own, without interference from regulators.