Brett Boudreaux Comment On Regulatory Notice 22-08
Brett Boudreaux
N/A
Regarding Notice #22-08. As an investor I responsibly use leveraged ETFs as an investment strategy balancing different asset classes for long term growth. I'm well aware of the large fluctuations and it's a non-issue because I'm educated on the way the ETF works. It would be highly restrictive for the SEC or Finra to remove an option that individuals can and do use correctly as intended. In a way it would only give a larger advantage to the Institutional traders and leave out the individual trader with less options simply due to not have the funds the large corporations control. Creating a bigger divide between the "haves" and the "have nots." While I would agree some disclosure is necessary, if anything official is required myself and thousands like me who are licensed with Finra would have to get more stringent approvals from our supervisory principles and just the nature of the added restrictions could be enough to broadly ban us from using the funds; so now not only are you taking an option away from the lessor wealthy, but a portion of the educated/licensed investors would be blocked by employers essentially removing access to both parties. I do not support further restrictions on leveraged ETFs.
Brett Boudreaux Comment On Regulatory Notice 22-08
Regarding Notice #22-08. As an investor I responsibly use leveraged ETFs as an investment strategy balancing different asset classes for long term growth. I'm well aware of the large fluctuations and it's a non-issue because I'm educated on the way the ETF works. It would be highly restrictive for the SEC or Finra to remove an option that individuals can and do use correctly as intended. In a way it would only give a larger advantage to the Institutional traders and leave out the individual trader with less options simply due to not have the funds the large corporations control. Creating a bigger divide between the "haves" and the "have nots." While I would agree some disclosure is necessary, if anything official is required myself and thousands like me who are licensed with Finra would have to get more stringent approvals from our supervisory principles and just the nature of the added restrictions could be enough to broadly ban us from using the funds; so now not only are you taking an option away from the lessor wealthy, but a portion of the educated/licensed investors would be blocked by employers essentially removing access to both parties. I do not support further restrictions on leveraged ETFs.