As an american citizen, that pays a lot of money in taxes, I think it should be my choice on how I spend what's left after paying the government so much of my earnings. It's the not the government's responsibility to deem whether or not a particular investment is suitable for me. Do you regulate how people go to casinos and gamble away their checks? Do you regulate how much a person is allowed to gamble in growing game of online sports gambling? No, you don't. Well, I don't do any of those things. I invest all that I can. These leveraged ETF's are a big part of my investments, and how I expect to meet my goals for retirement. Please leave them alone.
David Byers Comment On Regulatory Notice 22-08
As an american citizen, that pays a lot of money in taxes, I think it should be my choice on how I spend what's left after paying the government so much of my earnings. It's the not the government's responsibility to deem whether or not a particular investment is suitable for me. Do you regulate how people go to casinos and gamble away their checks? Do you regulate how much a person is allowed to gamble in growing game of online sports gambling? No, you don't. Well, I don't do any of those things. I invest all that I can. These leveraged ETF's are a big part of my investments, and how I expect to meet my goals for retirement. Please leave them alone.