It is up to me not the government if I want to invest in leverage securities. I have investments in both leveraged and non-leveraged. I do not need to take a test to decide to do this. Anyone that looks at a funds daily history should easily see they are more volatile than non-leveraged. If they need a test to determine this, then they should not be handling their own investments.
Richard Langer Comment On Regulatory Notice 22-08
It is up to me not the government if I want to invest in leverage securities. I have investments in both leveraged and non-leveraged. I do not need to take a test to decide to do this. Anyone that looks at a funds daily history should easily see they are more volatile than non-leveraged. If they need a test to determine this, then they should not be handling their own investments.