I don't need or want any government agency determining my capacity to understand "complex products." The trade of leveraged & inverse (leveraged) products allows smaller investors to take on asymmetric risk with very little liquidity. This allows me to insure large portions of my portfolio during down-turns with very little cost/risk; something I would otherwise be unable to do if access to these products is restricted. The United States is supposed to operate under the premise of a "free market," if so, let all market participants freely manage their own assets and risk.
Jared Weckler Comment On Regulatory Notice 22-08
I don't need or want any government agency determining my capacity to understand "complex products." The trade of leveraged & inverse (leveraged) products allows smaller investors to take on asymmetric risk with very little liquidity. This allows me to insure large portions of my portfolio during down-turns with very little cost/risk; something I would otherwise be unable to do if access to these products is restricted. The United States is supposed to operate under the premise of a "free market," if so, let all market participants freely manage their own assets and risk.