It doesnt make sense to have all these requirements to buy complex investments. Investors need to take responsibility when they make a purchase that results in a big loss. It is common sense to do research and manage your own risks before buying complex securities. It is not fair to have investors meet all these requirements before a complex security is brought. By doing basic research on the internet, anyone can find out the risks in buying complex securities to make a decision. I have traded leveraged ETFs for years with no issue. I have no financial background. I did my own research and developed a strategy that helps to limit risks. I think it is not FINRAs duty to prevent people from buying complex investments Let the investor have the freedom to make their own decisions without unnecessary hurdles.
Dwight Fields Comment On Regulatory Notice 22-08
It doesnt make sense to have all these requirements to buy complex investments. Investors need to take responsibility when they make a purchase that results in a big loss. It is common sense to do research and manage your own risks before buying complex securities. It is not fair to have investors meet all these requirements before a complex security is brought. By doing basic research on the internet, anyone can find out the risks in buying complex securities to make a decision. I have traded leveraged ETFs for years with no issue. I have no financial background. I did my own research and developed a strategy that helps to limit risks. I think it is not FINRAs duty to prevent people from buying complex investments Let the investor have the freedom to make their own decisions without unnecessary hurdles.