I use these issues to provide protection for specific positions in my portfolio, and there is often no other vehicle to that I can use to accomplish this purpose. Perhaps not everyone would be able to use these products effectively, but you could say the same thing about options, for example. Also, you should not punish people who can (and may need to) use the "complex products" because a few people don't know how to use them. They are a little less "complex" than puts and calls and straddles. I don't see what the problem is.
Robert Bruch Comment On Regulatory Notice 22-08
I use these issues to provide protection for specific positions in my portfolio, and there is often no other vehicle to that I can use to accomplish this purpose. Perhaps not everyone would be able to use these products effectively, but you could say the same thing about options, for example. Also, you should not punish people who can (and may need to) use the "complex products" because a few people don't know how to use them. They are a little less "complex" than puts and calls and straddles. I don't see what the problem is.