M Barnett Comment On Regulatory Notice 22-08
Dear Sirs:
I invest via a systematic quarterly plan that utilizes leveraged ETFs. I know what I am doing. Correct use of these leveraged products is a key part of my financial plan.
Leveraged funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and benefit from this magnification.
I do not need or want a third party evaluating my ability to manage leveraged funds, and certainly do not want one preventing me from buying them.