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By STEPHEN MOORE & PHIL KERPEN

From National Review:

Deregulation has been one of the great Trump-administration success stories. So why does the Securities and Exchange Commission want more cumbersome rules that will restrict investor choices? A new 456-page SEC rule restricts the availability of a subset of Exchange Traded Funds (ETFs), specifically those that offer returns that are the inverse or a multiple — double or triple — of a reference index. Inverse funds go up when the market goes down — which has been handy lately. Leveraged funds track their indexes with a multiple of two or three.