I am opposed to limits/tests/net worth qualifications on inverse or leveraged ETFs. I use them as a hedge on a portfolio of stocks to protect from market downturns and I think everyone should have that option. It should be the investors choice. Investors already can buy individual stocks and many of them are down over 50% as well so it's not like people can't lose money the "safe" way. By limiting who can use inverse or leveraged ETFs you are just locking some people out of the opportunity to protect their assets or amplify their gains.
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Todd Klemp Comment On Regulatory Notice 22-08
I am opposed to limits/tests/net worth qualifications on inverse or leveraged ETFs. I use them as a hedge on a portfolio of stocks to protect from market downturns and I think everyone should have that option. It should be the investors choice. Investors already can buy individual stocks and many of them are down over 50% as well so it's not like people can't lose money the "safe" way. By limiting who can use inverse or leveraged ETFs you are just locking some people out of the opportunity to protect their assets or amplify their gains.