As a non-professional retail investor, I strongly oppose the restriction of availability of leveraged and inverse ETFs and other investment vehicles. The risks of trading such securities are already made very clear and are displayed on the order confirmation screen of single buy/sell order, at every major brokerage firm that sells these products. The reach of regulation should end there- with a warning label- just as it does in the tobacco industry.
Excluding non-professional, non-"high net worth" individuals from investment opportunity in these vehicles works to exacerbate the wealth gap that has been perpetuated by other government and central bank policies (artificially low interest rates + high lending standards, for example).
Do not restrict access to these important investment vehicles. The limited number of investors who trade these securities are aware of the risks. If a middle ground must be found, perhaps require investors to fill out and submit and one-time affidavit/release of liability to their broker stating that they understand and accept the risks of trading these products.
Robert Kochis Comment On Regulatory Notice 22-08
As a non-professional retail investor, I strongly oppose the restriction of availability of leveraged and inverse ETFs and other investment vehicles. The risks of trading such securities are already made very clear and are displayed on the order confirmation screen of single buy/sell order, at every major brokerage firm that sells these products. The reach of regulation should end there- with a warning label- just as it does in the tobacco industry.
Excluding non-professional, non-"high net worth" individuals from investment opportunity in these vehicles works to exacerbate the wealth gap that has been perpetuated by other government and central bank policies (artificially low interest rates + high lending standards, for example).
Do not restrict access to these important investment vehicles. The limited number of investors who trade these securities are aware of the risks. If a middle ground must be found, perhaps require investors to fill out and submit and one-time affidavit/release of liability to their broker stating that they understand and accept the risks of trading these products.