Anyone capable of understanding what a stock or bond is, is more than capable of understanding 3x daily leverage on a product.
Leveraged ETFs are a valuable tool for responsible investors and are integral to mine and many others' financial planning.
More importantly, the fund websites already have lengthy disclosures regarding the risks of levered instruments. If someone is going to invest in a fund or company without understanding what they are buying, honestly they are still better off buying a leveraged index fund than some random penny stocks.
Please do not let the ignorance of the few undermine the rights of the many responsible investors who use these products.
James Moran Comment On Regulatory Notice 22-08
Anyone capable of understanding what a stock or bond is, is more than capable of understanding 3x daily leverage on a product.
Leveraged ETFs are a valuable tool for responsible investors and are integral to mine and many others' financial planning.
More importantly, the fund websites already have lengthy disclosures regarding the risks of levered instruments. If someone is going to invest in a fund or company without understanding what they are buying, honestly they are still better off buying a leveraged index fund than some random penny stocks.
Please do not let the ignorance of the few undermine the rights of the many responsible investors who use these products.