Jason Farmer Comment On Regulatory Notice 22-08
regarding the potential further restriction of leveraged ETFs : an investor does not him/herself borrow money to invest in a leveraged ETF, they simply buy it as they would any other security like a stock or bond. I personally invest in leveraged ETFs that track broad indices such as the S&P 500. Although these will be volatile, as they are levered, it is HIGHLY unlikely that they'd "go to zero" as the index would have to fall ~33% in a single trading day for that to happen to a 3x levered ETF.