To whom it may concern,
I do not believe in setting "restrictions" for extra risky assets (like triple-leveraged ETFs) in lieu of simple education on those assets. We're all adults, we should be allowed to use our money the way we want to PROVIDED we are fully aware of the circumstances. If the investor is unaware of the differences between a x3 ETF and a normal index ETF (as an example), then that is dangerous -- fix the problem at the source, don't tack on extra restrictions that prohibit ETF trading even though we are fully aware of the risks. Thank you.
Kevin Dümler Comment On Regulatory Notice 22-08
To whom it may concern,
I do not believe in setting "restrictions" for extra risky assets (like triple-leveraged ETFs) in lieu of simple education on those assets. We're all adults, we should be allowed to use our money the way we want to PROVIDED we are fully aware of the circumstances. If the investor is unaware of the differences between a x3 ETF and a normal index ETF (as an example), then that is dangerous -- fix the problem at the source, don't tack on extra restrictions that prohibit ETF trading even though we are fully aware of the risks. Thank you.