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Gil Morales Comment On Regulatory Notice 22-08

Leveraged ETFs and inverse ETFs give individual investors reliable tools with which to hedge against market downturns. The leverage on the short side for inverse ETFs allows them to hold a smaller position against existing longer-term holdings as a hedge in the same manner that professionals use futures to achieve the same goal. On the long side, they allow investors to participate in market upside, e.g., bull markets, in a manner that avoid headline risk with individual stocks.

Will Clark Comment On Regulatory Notice 22-08

Though reasonably well intended, new regulations that make it more difficult for retail investors to access sophisticated investing tools are the opposite of what free market investing should look like. In a time where equal access is of upmost importance, these proposed rules further the perception of inequality that is already a dark cloud in the mind of many Americans who avoid investing for the future.

Thomas Day Comment On Regulatory Notice 22-08

Hello, I was saddened to hear the news of regulations that are being considered. I understand where for the concern about protecting individual investors by restricting these assets from being sold. However, I would like to bring up two things that I think are overlooked - 1. The internet 2. Technology The internet now allows investors to easily gather information about these products and become aware on the risks. There is an abundance of information about all these assets that individuals have easy access to obtaining.