Investing always carries risks with it. Leveraged funds and inverse ETFs have risk. But we have seen the wild swings of the market and blue chip stocks have substantial risk as well. Perhaps those who wish to restrict access to investments mean well, but the net effect of limiting access to inverse ETFs and leveraged funds is that it will create a 'good ol boys' club for larger investors. It is inconsistent with the ideals of America. Everyone in America should have a shot. There is nothing predatory about these funds. They are simply different investment vehicles! I urge you to let everyone invest in their American Dream - do not restrict these investments to a certain strata of people.
David Bennion Comment On Regulatory Notice 22-08
Investing always carries risks with it. Leveraged funds and inverse ETFs have risk. But we have seen the wild swings of the market and blue chip stocks have substantial risk as well. Perhaps those who wish to restrict access to investments mean well, but the net effect of limiting access to inverse ETFs and leveraged funds is that it will create a 'good ol boys' club for larger investors. It is inconsistent with the ideals of America. Everyone in America should have a shot. There is nothing predatory about these funds. They are simply different investment vehicles! I urge you to let everyone invest in their American Dream - do not restrict these investments to a certain strata of people.