While I understand the SEC's concern to protect potential investors, straightforward access to leveraged and inverse funds are an important part of many, including my own, investment strategies. I have an extensive long portfolio and I use leveraged and inverse ETFs to hedge my long positions. This has been especially helpful to my bottom line in these recent volatile market sessions. Moreover, if I anticipate a significant decline in the market, use of such ETFs may enhance my returns. Like all of my investments, I seek to manage my risk and using leveraged and inverse ETFs is an important tool to help me do just that. I am quite capable of understanding the risk of my overall portfolio, including the risk of employing leveraged and inverse ETFs. There currently is plenty of information available for investors to review before deciding whether such ETFs are right for their portfolio and investment strategies. Please do not place restrictions or require any special process or status (e.g., accredited investor) to invest in leveraged and inverse ETFs. Successful investing is difficult enough right now without the addition of more regulations to hamper investment strategies. Thank you for considering my comments.
David Canale Comment On Regulatory Notice 22-08
While I understand the SEC's concern to protect potential investors, straightforward access to leveraged and inverse funds are an important part of many, including my own, investment strategies. I have an extensive long portfolio and I use leveraged and inverse ETFs to hedge my long positions. This has been especially helpful to my bottom line in these recent volatile market sessions. Moreover, if I anticipate a significant decline in the market, use of such ETFs may enhance my returns. Like all of my investments, I seek to manage my risk and using leveraged and inverse ETFs is an important tool to help me do just that. I am quite capable of understanding the risk of my overall portfolio, including the risk of employing leveraged and inverse ETFs. There currently is plenty of information available for investors to review before deciding whether such ETFs are right for their portfolio and investment strategies. Please do not place restrictions or require any special process or status (e.g., accredited investor) to invest in leveraged and inverse ETFs. Successful investing is difficult enough right now without the addition of more regulations to hamper investment strategies. Thank you for considering my comments.