A reasonable review of an investors competence could provide value for these leveraged products. However, having invested for twenty years on my own, I will say there's less knowledge required and less risk in these products than individual options. Similar to leveraged products, individual stock options can also be used as a hedge or to provide higher growth potential, however, they take more time and effort to define the correct company, growth opportunity and risk reward potential. I can use these leveraged products and understand the risk reward scenario much easier. thank you.
David R Comment On Regulatory Notice 22-08
A reasonable review of an investors competence could provide value for these leveraged products. However, having invested for twenty years on my own, I will say there's less knowledge required and less risk in these products than individual options. Similar to leveraged products, individual stock options can also be used as a hedge or to provide higher growth potential, however, they take more time and effort to define the correct company, growth opportunity and risk reward potential. I can use these leveraged products and understand the risk reward scenario much easier. thank you.