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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.