February 20, 2020
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I am opposed to more regulation on who can purchase leveraged ETF's. They have been central to my building equity for my retirement and the retirement of other family members.
Fidelity Investments already requires an investment risk profile of it's brokerage customers to determine suitability to purchase aggressive ETF's.
I do not want a bigger "nanny state" in the form of more SEC regulations on the sale of leveraged ETF's.
This is a bad idea and it is not needed.
Robert /d Aebersold CPA