Skip to main content

Jeff Haywood Comment On Regulatory Notice 22-08

A license to sell leveraged ETFs, and specifically inverse ETF's, is a license to steal. Period. It should be a requirement that any designed financial instrument show in the prospectus how an investor may actually make money not just the risks of loosing it. Take TVIX, a long term chart shows in 2011 the price was 2,235,849,984, today its value is $112 dollars. A loosing investment start to finish, if you bought. They say it's a short term vehicle. But to be one there has to be some predictable relationship to something, anything, that could indicate an opportunity to buy.