April 17, 2020
Any regulation applied to the trading on the leveraged etfs or funds is completely absurd. For the average investor, these funds offer hope (yes, along with risks) to be able to take advantage of a developing trend and capitalize on it without the high risks of options, the delay of classic EOD traded funds and their low returns.
Much like alcohol, tobacco and firearms, I believe the only regulation should be 21 years of age. Even that statement sounds ridiculous. Since these three things mentioned can harm physical mind and body - why would there be even more burdensome regulation put on by an individual making a trade?
Should there be a commission to review folks at the door of Las Vegas who go to gamble? That seems to have a larger affect to financial well-being of an individual than a leveraged ETF.
I believe it comes down to being able for the SEC to have the power over the average investor to LIMIT them in what they can do and their abliity to succeed. The furtherance of regulation is just another way of stacking the deck against you.
I've been trading leveraged etf's for probably 12 years now. I've gained and lost. All of it has been my decision with no other to thank or blame. Let's keep it that way.
mike