October 14, 2020
Yes, these instruments are incredibly helpful to hedge our portfolio. It is a LIQUID market which makes it easier for the small investor to access.
Also, setting arbitrary rules as to who and who can't own these ETFs seems quite antithetical to free market economy.
These instruments help with price discovery.
If the SEC wants us to sign a more comprehensive agreement as to our understanding of the risks of these instruments, I would be fine with that. But to exclude some people from owning these instruments based on some arbitrary rules is just WRONG.