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 them for guidance. This stinks.

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 extended period of time, which is also documented in the disclosure that the investor is required to read and sign, if it went over his or her head the first time around.

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 study. All investing carries risk, even time tested buy-and-hold forever.