I have managed my investments for over 60 years. I have studied and invested in broad market, leveraged and inverse ETFs for the past 15 years. I use them to manage risk.
The restrictions proposed would reduce the liquidity in these ETFs and render them dangerous to use. Any regulation of these securities should strive to improve openness and knowledge of the products, promote open and liquid markets, and control contra-party stability and risk. Your proposal dose not address any of these issues.
The gate keepers you propose are the same type of people who put investors into Enron, Bernard Madoff, ".com" investments. You should stop trying to appoint "mothers" to look after us. You have done a poor job in the past and there is little chance you will be successful this time.
Don Anderson Comment On Regulatory Notice 22-08
I have managed my investments for over 60 years. I have studied and invested in broad market, leveraged and inverse ETFs for the past 15 years. I use them to manage risk.
The restrictions proposed would reduce the liquidity in these ETFs and render them dangerous to use. Any regulation of these securities should strive to improve openness and knowledge of the products, promote open and liquid markets, and control contra-party stability and risk. Your proposal dose not address any of these issues.
The gate keepers you propose are the same type of people who put investors into Enron, Bernard Madoff, ".com" investments. You should stop trying to appoint "mothers" to look after us. You have done a poor job in the past and there is little chance you will be successful this time.