March 25, 2020
I understand regulations are under consideration to make purchasing leveraged and inverse funds burdensome to impossible. The impact will be very negative and a dangerous precedent. The Fed prints currency out of thin air and expects it to be returned with interest (100+% leverage). Banks and other financial institutions enjoy fractional lending (9:1 leverage). While this practice continues, restricting access to 2:1, 3:1 ETFs and other securities unfair to the common investor. Again, The impact will be very negative and a dangerous precedent unless all leverage (futures, forex, fractional reserve practices) are removed from the financial system.