Vaikuntanath Samudrala Comment On Regulatory Notice 22-08
Vaikuntanath Samudrala
N/A
I likely would fit all the criteria (VHNW, etc.) which I sort of sign off on for options trading at Fidelity yet I oppose this action. There are better ways to achieve investor protection without making them jump through hoops which in practice just turn out to be theatre.
I agree with extensive warning and labels to ward off uneducated investors. But regulator imposed tests, etc. are just another way for test makers to make money and an added cost of doing business with leveraged ETFs.
Vaikuntanath Samudrala Comment On Regulatory Notice 22-08
I likely would fit all the criteria (VHNW, etc.) which I sort of sign off on for options trading at Fidelity yet I oppose this action. There are better ways to achieve investor protection without making them jump through hoops which in practice just turn out to be theatre.
I agree with extensive warning and labels to ward off uneducated investors. But regulator imposed tests, etc. are just another way for test makers to make money and an added cost of doing business with leveraged ETFs.