Scott Landes Comment On Regulatory Notice 22-08
Comments: At every step along the way of purchasing a leveraged ETF or ETN asset, it is very clear that these products should be held for short term active speculative purposes. Every website you go to when researching the products immediately warns traders about the dangers of beta decay due to long term holding of such assets. I would argue that the risks associated with trading leveraged ETFs are made even more clear than shares in individual companies, where people buy in to companies just because they like the products or because it is the hottest meme stock.