I understand the risks and rewards of leveraged funds, and have used them to my advantage. However, I understand they can be dangerous in the hands of the uneducated. I believe some type of mild screening process would be useful, i.e., specialized reading materials and a test targeted at leveraged funds only, without other more heavy handed restrictions. The individual, once educated, has a right to make their own decisions. However, the same dangers could also be said of other instruments, i.e., options or penny stocks. Overregulation is always possible. I caution you to tread carefully here.
Jeffrey Wisdom Comment On Regulatory Notice 22-08
I understand the risks and rewards of leveraged funds, and have used them to my advantage. However, I understand they can be dangerous in the hands of the uneducated. I believe some type of mild screening process would be useful, i.e., specialized reading materials and a test targeted at leveraged funds only, without other more heavy handed restrictions. The individual, once educated, has a right to make their own decisions. However, the same dangers could also be said of other instruments, i.e., options or penny stocks. Overregulation is always possible. I caution you to tread carefully here.