As an individual investor, I should be free to choose which types of risks and investment strategies I want to use. While leveraged ETFs are more risky than some other types of investments, the same is true of regular equities compared to bonds, and options compared to equities, as commodities compared to precious metals compared to crypto currencies, and as a savings account compared to collectibles.
Everyone has their own strategy, knowledge, and risk tolerance that is unique to their own situation. Let people decide for themselves how they want to proceed.
If you want to put warning labels on certain types of investments, that makes sense, like how we aren't restricted from buying bleach but are warned of hazards from improper use. Sometimes the eco cleaner isn't strong enough to get the mold off the walls so you need more powerful tools - but care should be taken to use safely. And despite care, sometimes a few drops spray on your clothes and they are a loss. You took that risk - which is why you only wore junk clothes instead of a suit.
Steven Penner Comment On Regulatory Notice 22-08
As an individual investor, I should be free to choose which types of risks and investment strategies I want to use. While leveraged ETFs are more risky than some other types of investments, the same is true of regular equities compared to bonds, and options compared to equities, as commodities compared to precious metals compared to crypto currencies, and as a savings account compared to collectibles.
Everyone has their own strategy, knowledge, and risk tolerance that is unique to their own situation. Let people decide for themselves how they want to proceed.
If you want to put warning labels on certain types of investments, that makes sense, like how we aren't restricted from buying bleach but are warned of hazards from improper use. Sometimes the eco cleaner isn't strong enough to get the mold off the walls so you need more powerful tools - but care should be taken to use safely. And despite care, sometimes a few drops spray on your clothes and they are a loss. You took that risk - which is why you only wore junk clothes instead of a suit.