I appose rule #S7-24-15. I have been using leveraged and inverse ETFs as part of my investment strategy for years. They are vital as a hedge against long positions during market downturns, or to enhance returns when the markets are moving higher. They are a critical tool, and are used sparingly. There is no reason why only High Net Worth individuals should have access to these instruments. There is no reason why anyone should have to pass a test use these instruments. It should be the choice of all individuals how to best invest their money not regulatory dictates. Do not force retail traders out of these instruments.
Kevin Bouley Comment On Regulatory Notice 22-08
I appose rule #S7-24-15. I have been using leveraged and inverse ETFs as part of my investment strategy for years. They are vital as a hedge against long positions during market downturns, or to enhance returns when the markets are moving higher. They are a critical tool, and are used sparingly. There is no reason why only High Net Worth individuals should have access to these instruments. There is no reason why anyone should have to pass a test use these instruments. It should be the choice of all individuals how to best invest their money not regulatory dictates. Do not force retail traders out of these instruments.