I see this as another pathetic attempt at making investing and trading inaccessible to the average retail broker. All investors no matter the size should be able to invest in whatever they like. I personally have lost thousands over the past year investing in leveraged ETFs. However, I accept the losses and take them as a learning experience. All traders should be responsible for knowing the risks before investing and shouldn't have to pass any special tests before investing in certain investments. It's not up to the government to control what someone wants to trade. I understand that retail investor participation in the market over the past few years has spiked and that regulators think they are doing what's best for them. However, I will always believe that the freer the markets the better.
Jason Brevard Comment On Regulatory Notice 22-08
I see this as another pathetic attempt at making investing and trading inaccessible to the average retail broker. All investors no matter the size should be able to invest in whatever they like. I personally have lost thousands over the past year investing in leveraged ETFs. However, I accept the losses and take them as a learning experience. All traders should be responsible for knowing the risks before investing and shouldn't have to pass any special tests before investing in certain investments. It's not up to the government to control what someone wants to trade. I understand that retail investor participation in the market over the past few years has spiked and that regulators think they are doing what's best for them. However, I will always believe that the freer the markets the better.