I appreciate FINRA's concerns regarding investor protection. At the same time, I wholeheartedly disagree with FINRA's NtM 22-08 proposal to - "Require investors to pass a test to trade a complex product and potentially undergo re-testing from time to time to ensure the investors continued understanding." I've traded leveraged ETFs for many years and they're an important part of a long term strategy. I urge FINRA to carefully consider the negative impact of this proposal on retail investors.
Terence Oliver Comment On Regulatory Notice 22-08
I appreciate FINRA's concerns regarding investor protection. At the same time, I wholeheartedly disagree with FINRA's NtM 22-08 proposal to - "Require investors to pass a test to trade a complex product and potentially undergo re-testing from time to time to ensure the investors continued understanding." I've traded leveraged ETFs for many years and they're an important part of a long term strategy. I urge FINRA to carefully consider the negative impact of this proposal on retail investors.