Erik Smith Comment On Regulatory Notice 22-08
While I understand the desire to ensure a safer environment for retail investors, that effort should be limited to what is clearly predatory or fraudulent. Leveraged products are key to many effective risk management strategies which would otherwise require the use of options (significantly more complex) or margin (significantly riskier), both of which are easily accessible to retail investors without much more protection than forcing their acceptance of a warning that those represent additional risks.