Im not certain about the rationale behind your proposed limitation of trading leveraged exchange traded funds.
People can open options accounts and lose money very quickly. And these accounts exemplify confusion. Condors, straddles, bow ties, synthetic buys, etc.
People can open futures account and lose money very quickly.
People can open Forex accounts and lose money extremely quickly.
People can open bitcoin and other cryptocurrency accounts and lose money very quickly.
Leveraged ETF accounts can be volatile but they are based on a basket of stocks. Unless all those stocks go bankrupt and cease trading there is no possibility to lose your entire investment like there is in Forex, cryptocurrencys, futures, and potentially stock options.
Allan Wade Comment On Regulatory Notice 22-08
Im not certain about the rationale behind your proposed limitation of trading leveraged exchange traded funds.
People can open options accounts and lose money very quickly. And these accounts exemplify confusion. Condors, straddles, bow ties, synthetic buys, etc.
People can open futures account and lose money very quickly.
People can open Forex accounts and lose money extremely quickly.
People can open bitcoin and other cryptocurrency accounts and lose money very quickly.
Leveraged ETF accounts can be volatile but they are based on a basket of stocks. Unless all those stocks go bankrupt and cease trading there is no possibility to lose your entire investment like there is in Forex, cryptocurrencys, futures, and potentially stock options.