Do not further restrict normal investor access to specialized etfs and funds. We are already cut off from daytrading unless we have 25k in assets and have limited access to online funds requiring accredited investor status (200k income, 1 mil in assets) if you further restrict access to products such as etfs that provide access to commodity, cryptocurrency, and leveraged equity or currency exposure you are limiting access to small time investors and we may never be able be able to catch up just using index funds tied to the S&P and bonds.
Joseph Sanders Comment On Regulatory Notice 22-08
Do not further restrict normal investor access to specialized etfs and funds. We are already cut off from daytrading unless we have 25k in assets and have limited access to online funds requiring accredited investor status (200k income, 1 mil in assets) if you further restrict access to products such as etfs that provide access to commodity, cryptocurrency, and leveraged equity or currency exposure you are limiting access to small time investors and we may never be able be able to catch up just using index funds tied to the S&P and bonds.