It's absurd to restrict buying securities regardless of how much risk that they carry. If investors want to carry additional risk but purchasing leveraged ETFs or inverse funds they should be able to. No investor should have to go through extra steps to buy any security or go through a "cool down period." Leveraged funds are part of my diversified portfolio as a way to take on extra risk and restricting buying these securities would harm my portfolio.
Nick Rhoads Comment On Regulatory Notice 22-08
It's absurd to restrict buying securities regardless of how much risk that they carry. If investors want to carry additional risk but purchasing leveraged ETFs or inverse funds they should be able to. No investor should have to go through extra steps to buy any security or go through a "cool down period." Leveraged funds are part of my diversified portfolio as a way to take on extra risk and restricting buying these securities would harm my portfolio.