William Comstock Comment On Regulatory Notice 22-08
William Comstock
N/A
Investing in leveraged ETFs should available to all investors and traders at all times. Leverage is not the enemy. If it were, very few of us would have mortgages. Right now, people of all levels of investment knowledge have access to trading stock and index options. Many of these people buy calls, most of which expire worthless. There is virtually no barrier to trading stock options that my have zero residual value at expiration. The value of leveraged ETFs don't go to zero, unlike the the worthless calls. Bottom line: We don't need the nanny state to tell us about risk. We live it every day in most aspects of our lives. So, please back off.
William Comstock Comment On Regulatory Notice 22-08
Investing in leveraged ETFs should available to all investors and traders at all times. Leverage is not the enemy. If it were, very few of us would have mortgages. Right now, people of all levels of investment knowledge have access to trading stock and index options. Many of these people buy calls, most of which expire worthless. There is virtually no barrier to trading stock options that my have zero residual value at expiration. The value of leveraged ETFs don't go to zero, unlike the the worthless calls. Bottom line: We don't need the nanny state to tell us about risk. We live it every day in most aspects of our lives. So, please back off.