The general public is already warned enough on leveraged ETFs that there is no reason for additional regulations and warnings for individual retail investors. They should be able to risk their hard earned money in ways they see fit for themselves. Individuals should have a right to use financial products they see fit to use in order to achieve their short term financial goals. Adding additional
Honestly it's fine the way it is. It's not that complex for most investors. No one should be buying things they don't understand. That goes for appliances too and we don't have to take a for those. Casinos have complex rules for some and again - no tests required.
I would be categorized as a "retail" trader. The assumptions being made in this proposal are insulting, it wrongly assumes so called retail traders are uneducated in many of the products named in this proposal. The assumption non-professional traders lack understanding of these products is not what I see on a daily basis. I trade with hundreds of other traders in a Discord chat room and
More education is great, but you can't just call everyone dumb and treat complex products as some kind of magic. There are great recourses on the Internet where people can learn about them and understand most with half a brain. Looks like all these "financial experts" got scared losing their jobs and now want to limit people's access to options etc. so they come back to pay
TD Ameritrade has a golden standard disclosure that the investor is required to read and sign before buying and selling Leveraged ETFs. Requiring all brokers to do the same, essentially, solves any problems that may be faced with educating a retail investor that a 2x/3x ETF can gain or lose 2x/3x times what it is measuring. Therefore, the investor knows it's not suitable to hold for any
I strongly disagree with the notion that more "guardrails" are needed for retail investors dealing in so-called "complex products." While some products are truly complex and require an investment of time for an investor to fully understand their risks and rewards, other products you name--particularly options--are not truly complex or difficult to understand with a modicum of
More regs are not necessary except on margin. Leave the small retail trader alone. The market is fixed enough by all the large players. You might want to regulate so called stocks such as DWAC. That is where the criminals are. Leave the traders alone with your rules. Not needed.
Keep your big-brother controlling bull in the guise of protectiveness out of this freedom!
I think the current requirements for self-directed investors are sufficient and there should not be more restriction on people to invest their money. The underlying premise that retail investors do not know what they are doing is flawed. What we need is less control and not more. Retail investors do not want to be forced into taking services from industry professionals and want to develop their
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