All investments involve risk. It is up to the individual to determine if an investment is suitable to his own wishes and bear the consequences of such a choice. The government and its agencies are only needed to assure fair trades take place, not qualify the individual investor. If the individual is dealing with a broker through a b/d relationship, the broker is responsible to qualify the cleint. If the client si dealing with a personal account at a discount broker, that would suggest he can make decisions on his own. I am opposed to any future regulations on etfs, be they leveraged or not. I strongly oppose the regulations being considered.
John Rossitto Comment On Regulatory Notice 22-08
Sirs,
All investments involve risk. It is up to the individual to determine if an investment is suitable to his own wishes and bear the consequences of such a choice. The government and its agencies are only needed to assure fair trades take place, not qualify the individual investor. If the individual is dealing with a broker through a b/d relationship, the broker is responsible to qualify the cleint. If the client si dealing with a personal account at a discount broker, that would suggest he can make decisions on his own. I am opposed to any future regulations on etfs, be they leveraged or not. I strongly oppose the regulations being considered.