| FINRA.org Skip to main content

Karey Kimmel Comment On Regulatory Notice 22-08

Public investments should be available to all of the public, not just the privileged. I not regulators should be able to choose the public investments that are right for me and my family. I shouldn't have to go through any special process like passing a test before I can invest in public securities, including cryptocurrency funds such as BITO. I am capable of understanding cryptocurrency funds such as BITO and their risks. I do not need these measures imposed on me. Investing in cryptocurrency funds, such as BITO, is important to my investment strategies.

Paul Crosby Comment On Regulatory Notice 22-08

I have the right to invest as I see fit. You should not have the right to restrict leveraged or inverse funds. I strongly request that you do not restrict these securities. Public investments should be available to all of the public, not just the privileged. I use inverse and leveraged funds to hedge and protect my account from losses in bear markets. Don't I have that right to protect my portfolio from bear markets?

Ken Kauffman Comment On Regulatory Notice 22-08

RE: comments about Reg. Notice 22-08 Many of my friends prefer using financial professionals, I prefer self-directed platforms. As an individual on a self-directed platform, I've become much more aware and capable of managing the risks for products like leveraged ETFs. My 20+ year experience with these instruments is positive and they do what they advertise. Their beauty is in their simplicity, a 2x or 3x move on an underlying index is quite easy to understand and make corresponding risk calculations.

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.