Leveraged ETFs and options have a legitimate place in many retail investor portfolios and can even reduce an investors risk when used appropriately. Excluding everyday investors is an unnecessary rule - if the intent is to protect investors, there are lower hanging fruit that are riskier - crypto exchanges, Las Vegas, Tesla stock, and buying a house in Austin TX all come to mind. Life is risky - we don't need more regulations.
Matthew Millar Comment On Regulatory Notice 22-08
Leveraged ETFs and options have a legitimate place in many retail investor portfolios and can even reduce an investors risk when used appropriately. Excluding everyday investors is an unnecessary rule - if the intent is to protect investors, there are lower hanging fruit that are riskier - crypto exchanges, Las Vegas, Tesla stock, and buying a house in Austin TX all come to mind. Life is risky - we don't need more regulations.