This is not a case in which investors need to be protected by the government or regulators. Leveraged funds are important in these times of low interest rates to generate income for those who wish it. This is actually the safer alternative in many cases. Requiring a "test" in order to purchase certain securities is unnecessary, difficult to implement, and costly to monitor. A simple warning to investors would suffice.
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Richard Hunter Comment On Regulatory Notice 22-08
This is not a case in which investors need to be protected by the government or regulators. Leveraged funds are important in these times of low interest rates to generate income for those who wish it. This is actually the safer alternative in many cases. Requiring a "test" in order to purchase certain securities is unnecessary, difficult to implement, and costly to monitor. A simple warning to investors would suffice.