I resent the fact that you're considering a net worth test before I'm allowed to continue to use certain leveraged or inverse ETFs. Such products allow the average investor - perhaps someone that wouldn't be considered "high net worth" - to responsibly hedge against certain eventualities. If you allow hedge fund managers to do so, why shouldn't these investments be readily available to everyone?
Michael Ross Comment On Regulatory Notice 22-08
I resent the fact that you're considering a net worth test before I'm allowed to continue to use certain leveraged or inverse ETFs. Such products allow the average investor - perhaps someone that wouldn't be considered "high net worth" - to responsibly hedge against certain eventualities. If you allow hedge fund managers to do so, why shouldn't these investments be readily available to everyone?