The Tenor of these regulations suggest an attempted manipulation of the market, as for example to always be long and not go short, manipulation more than protection of investors, which is intended purpose of the regulation I presume.
Secondly, to assume that a 2X leveraged investment is too complicated for the average investor to understand is an incomprehensible stand. Is a 2% yield on a treasury bond or bill a good investment in the face at 7% inflation? Therefore, Should that investment be outlawed? I think regulation should leave the investor free to make his own mind up rather than be told what to invest in. There are many places in the world where I can go and be told what to do, but none of them are doing this for my benefit as an investor.
John Morris Comment On Regulatory Notice 22-08
The Tenor of these regulations suggest an attempted manipulation of the market, as for example to always be long and not go short, manipulation more than protection of investors, which is intended purpose of the regulation I presume.
Secondly, to assume that a 2X leveraged investment is too complicated for the average investor to understand is an incomprehensible stand. Is a 2% yield on a treasury bond or bill a good investment in the face at 7% inflation? Therefore, Should that investment be outlawed? I think regulation should leave the investor free to make his own mind up rather than be told what to invest in. There are many places in the world where I can go and be told what to do, but none of them are doing this for my benefit as an investor.