We already sign disclosures at brokerages warning us about the potential dangers of leveraged products. This is a huge slap in the face for retail investors and a ton of unnecessary road blocks for us that would separate us even further from institutional investors. The HUGE detrimental affect this would have on me would be insurmountable. I have leveraged ETF positions that are currently in the negative due to the recent market downturn, but that I whole heartedly know will rebound when the market recovers. If I were unable to purchase these leveraged ETFs and rebalance my portfolio according to my plan, I would lock in massive losses because of this new regulation. Please do not do this.
Kevin Comment On Regulatory Notice 22-08
We already sign disclosures at brokerages warning us about the potential dangers of leveraged products. This is a huge slap in the face for retail investors and a ton of unnecessary road blocks for us that would separate us even further from institutional investors. The HUGE detrimental affect this would have on me would be insurmountable. I have leveraged ETF positions that are currently in the negative due to the recent market downturn, but that I whole heartedly know will rebound when the market recovers. If I were unable to purchase these leveraged ETFs and rebalance my portfolio according to my plan, I would lock in massive losses because of this new regulation. Please do not do this.