www.fundcomments.com If you trade inverse or leveraged ETFs please post your comment to the sec by mar24 deadline https://www.sec.gov/rules/proposed/2019/34-87607.pdf "Investors may soon lose the ability to buy leveraged and inverse funds. The Securities and Exchange Commission has proposed new regulations under which investors would be required to provide extensive personal financial and other information to their broker or adviser, who will use this information to determine if they will be allowed to buy leveraged and inverse funds..."
450 pages. I need the CliffsNotes. Sounds serious though. Friggin nanny state. Why don't the gaming commissions do this at casino's, since all the sudden we feel the need to protect people from themselves? Let capitalism do its thing. Those triple ETF's will take care of the idiots all by themselves. People need those to hedge intra-day.
And of course the restrictions on inverse ETFs are here right in a big bear market. F@#%%! I read relevant area, p167? And agree with idea of warning people against holding these for a long time, I lost money trying to buy & hold VXX years ago as a hedge; didn't know impact of contango/decay. But I think it's sufficient to have people read warnings carefully and agree, like we currently do, not require bkrd checks and restrictive regulations