when i first heard that leveraged funds were no longer allowed to be created, i was angered by this overreach. at least those in existence would be grandfathered and i could still use them. to now learn that you are contemplating restricting my ability to use such exchange traded funds is insulting. even the cooling-off period. i bet it would have prevented me from making trades during the recent correction(s) in 2022--EXACTLY when i need to be able to react quickly to magnify the returns afforded by leveraged ETFs! please reconsider your stance on this issue, i am sure i am not alone in my outlook.
Dave Grundy Comment On Regulatory Notice 22-08
when i first heard that leveraged funds were no longer allowed to be created, i was angered by this overreach. at least those in existence would be grandfathered and i could still use them. to now learn that you are contemplating restricting my ability to use such exchange traded funds is insulting. even the cooling-off period. i bet it would have prevented me from making trades during the recent correction(s) in 2022--EXACTLY when i need to be able to react quickly to magnify the returns afforded by leveraged ETFs! please reconsider your stance on this issue, i am sure i am not alone in my outlook.