As an adult who has invested for decades, Im well aware of the pitfalls and benefits of investing in leveraged funds. Limiting these funds to only high net worth individuals is further assuring that only high net worth individuals can prosper in the investment world. Havent poorer people been kicked to the curb and prevented from prospering long enough? Havent regulators presumed that poorer people are stupid people long enough? Do not take away the right of adults to invest as they please. Investment firms like Fidelity make it abundantly clear that these products are high-risk and no guarantees apply.
Deborah Straus Comment On Regulatory Notice 22-08
As an adult who has invested for decades, Im well aware of the pitfalls and benefits of investing in leveraged funds. Limiting these funds to only high net worth individuals is further assuring that only high net worth individuals can prosper in the investment world. Havent poorer people been kicked to the curb and prevented from prospering long enough? Havent regulators presumed that poorer people are stupid people long enough? Do not take away the right of adults to invest as they please. Investment firms like Fidelity make it abundantly clear that these products are high-risk and no guarantees apply.