In the past 40 years, federal policy has increasingly placed responsibility for retirement saving squarely on the shoulders of individuals. It is highly inappropriate for the government to assign that burden to individuals, then limit or restrict the sorts of investment vehicles available to individual investors. That includes leveraged funds, which, when the associated risk is properly managed, can produce outsized returns to an individual with otherwise limited means and help insure a comfortable retirement.
Access to leveraged equity should most surely not be limited by some wealth or educational standard. No such limitations govern investment in cryptocurrencies, which are far more volatile and opaque than leveraged equity investments. If individuals are largely expected to save on their own for retirement, then don't handcuff them with arbitrary regulations and limitations that make it even more difficult to save.
Todd Johnson Comment On Regulatory Notice 22-08
In the past 40 years, federal policy has increasingly placed responsibility for retirement saving squarely on the shoulders of individuals. It is highly inappropriate for the government to assign that burden to individuals, then limit or restrict the sorts of investment vehicles available to individual investors. That includes leveraged funds, which, when the associated risk is properly managed, can produce outsized returns to an individual with otherwise limited means and help insure a comfortable retirement.
Access to leveraged equity should most surely not be limited by some wealth or educational standard. No such limitations govern investment in cryptocurrencies, which are far more volatile and opaque than leveraged equity investments. If individuals are largely expected to save on their own for retirement, then don't handcuff them with arbitrary regulations and limitations that make it even more difficult to save.