The prospectus for proshare leveraged products adequately describe the risks involved. They are no more risky than many other product readily available to the public. FINRA should focus on such scams as Bitcoin and other digital currencies (also known as magic beans) that have zero intrinsic value and are openly marketed to the public through television.
James Hughes Comment On Regulatory Notice 22-08
The prospectus for proshare leveraged products adequately describe the risks involved. They are no more risky than many other product readily available to the public. FINRA should focus on such scams as Bitcoin and other digital currencies (also known as magic beans) that have zero intrinsic value and are openly marketed to the public through television.