Heavy disclosure on the risks associated with these securities (leveraged funds) already exist. The brokerage community is doing a fine job without any required regulation. Tax payer monies can be better spent. As an example, when I purchase these securities in my account, and I use several brokerage firms, a large warning sign pops up and I can not complete the trade until I have read the note and agree to understanding the risks.
Elba Mack Comment On Regulatory Notice 22-08
Heavy disclosure on the risks associated with these securities (leveraged funds) already exist. The brokerage community is doing a fine job without any required regulation. Tax payer monies can be better spent. As an example, when I purchase these securities in my account, and I use several brokerage firms, a large warning sign pops up and I can not complete the trade until I have read the note and agree to understanding the risks.