I am, in general, opposed to the need for additional barriers of entry to use leveraged and inverse funds. The existing regulations require stockbrokers to monitor age and balances of accounts, and already quiz traders on their experience using such investment tools. There is always a risk no matter what the investment, and there's no real difference between leveraged/inverse funds and other mechanisms like speculative stocks or options trades. The barrier of entry would keep younger investors from potential gains early in their trading years. I don't believe any additional tests are needed to allow traders to use these financial instruments, and they should continue to trade as normal equities as they do today and have for many years.
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Mark Emanuel Comment On Regulatory Notice 22-08
I am, in general, opposed to the need for additional barriers of entry to use leveraged and inverse funds. The existing regulations require stockbrokers to monitor age and balances of accounts, and already quiz traders on their experience using such investment tools. There is always a risk no matter what the investment, and there's no real difference between leveraged/inverse funds and other mechanisms like speculative stocks or options trades. The barrier of entry would keep younger investors from potential gains early in their trading years. I don't believe any additional tests are needed to allow traders to use these financial instruments, and they should continue to trade as normal equities as they do today and have for many years.