I would strongly oppose adding hurdles to invest in inverse/leveraged ETFs because I think it would prevent people like myself from expressing their investment views freely. While I am a qualified investor, well versed in how to assess risk, and a CFA charter holder, I would recommend many inverse/leveraged funds to friends and family who are not as trained as me but can still understand the risks involved. Blocking this type of product would effectively cut off a large portion of the investment universe to new investors who were not brought up in the archaic 60/40 stock/bond portfolio constraints and understand that they can explore more investment options to take advantage of their long time horizons.
Tyler Jones Comment On Regulatory Notice 22-08
I would strongly oppose adding hurdles to invest in inverse/leveraged ETFs because I think it would prevent people like myself from expressing their investment views freely. While I am a qualified investor, well versed in how to assess risk, and a CFA charter holder, I would recommend many inverse/leveraged funds to friends and family who are not as trained as me but can still understand the risks involved. Blocking this type of product would effectively cut off a large portion of the investment universe to new investors who were not brought up in the archaic 60/40 stock/bond portfolio constraints and understand that they can explore more investment options to take advantage of their long time horizons.