The restrictions on buying leverage ETFs shouldn't be any more stringent than what it takes to purchase a gun in this country. You can't lose any more money in these types of investments than you can with a risky individual stock. And with leveraged ETFs, they at least offer a level of diversification depending on which one you are investing. Leveraged and inverse funds are important to my investment strategies. And we shouldn't have to go through any special processes such as taking a test to utilize them.
Dylan Simons Comment On Regulatory Notice 22-08
The restrictions on buying leverage ETFs shouldn't be any more stringent than what it takes to purchase a gun in this country. You can't lose any more money in these types of investments than you can with a risky individual stock. And with leveraged ETFs, they at least offer a level of diversification depending on which one you are investing. Leveraged and inverse funds are important to my investment strategies. And we shouldn't have to go through any special processes such as taking a test to utilize them.