Sven Serneels Comment On Regulatory Notice 22-08
Dear SEC I am appalled by your recent proposal to restrict investment in leveraged and inverse ETFs to investors with a high net worth. Particularly inverse ETFs are one the few convenient ways that smaller investors presently have to hedge their risk against a bear market. By restricting these funds to the very wealthy, your rule's primary outcome will be that high net worth investors can make fat gains during bear markets, while the general public will at best be stagnant, if they sold in time that is.