John Watson Comment On Regulatory Notice 22-08
Inverse and leveraged securities are critical to an investor's ability to hedge portfolios and/or have an opportunity to make money in down or volatile markets, such as the one we are in right now. Without these ETFs, the only options we have for hedging are buying puts or short selling, which is infinitely more dangerous to the retail trader than owning an inverse/leveraged fund. By taking away my right to use these securities, you are limiting my investing options to long positions only, and removing my ability to protect any profits earned from those positions.