Dear Sirs, equity markets are critical to the world economies and financial system. Restricting or eliminating the use of any instrument potentially reduces liquidity in these markets. Sophisticated investors use a variety of instruments in their portfolios. I use leveraged index ETFs as a hedge. Restricting or eliminating leveraged index ETFs will significantly impact my investment strategy. Thank you for not restricting or eliminating leveraged index ETFs. Thank you.
Martin Kaplan Comment On Regulatory Notice 22-08
Dear Sirs, equity markets are critical to the world economies and financial system. Restricting or eliminating the use of any instrument potentially reduces liquidity in these markets. Sophisticated investors use a variety of instruments in their portfolios. I use leveraged index ETFs as a hedge. Restricting or eliminating leveraged index ETFs will significantly impact my investment strategy. Thank you for not restricting or eliminating leveraged index ETFs. Thank you.