All the rich people will still be allowed to borrow money to build their real estate complexes, while us small people will be restricted. How is a 2x leveraged fund different than buying on margin. A little, but often not much and sometimes much more cost effective. Someone else will benefit from this. I know this proposed restriction on me is not for my benefit lol. I suggest you look at the losses of some of the ark funds, or zoom this past year before deciding leveraged funds must be denied to ordinary people.
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Robert Elliott Comment On Regulatory Notice 22-08
All the rich people will still be allowed to borrow money to build their real estate complexes, while us small people will be restricted. How is a 2x leveraged fund different than buying on margin. A little, but often not much and sometimes much more cost effective. Someone else will benefit from this. I know this proposed restriction on me is not for my benefit lol. I suggest you look at the losses of some of the ark funds, or zoom this past year before deciding leveraged funds must be denied to ordinary people.