Although I understand to some degree the desire to prevent people from suffering considerable financial losses, I believe this is a wrong approach. Our representatives should not be using legislation to parent the general population as in the "nanny state". It is my choice to invest in riskier investments. At most, if a person interested in buying riskier investments such as leveraged E.T.F.'s, they could be required to read and agree to a statement saying that they understand that this investment is high risk and they could lose their entire investment. This could / should be limited to their first purchase of a particulr investment and not apply to subsequent allotments.
Brian Erb Comment On Regulatory Notice 22-08
Although I understand to some degree the desire to prevent people from suffering considerable financial losses, I believe this is a wrong approach. Our representatives should not be using legislation to parent the general population as in the "nanny state". It is my choice to invest in riskier investments. At most, if a person interested in buying riskier investments such as leveraged E.T.F.'s, they could be required to read and agree to a statement saying that they understand that this investment is high risk and they could lose their entire investment. This could / should be limited to their first purchase of a particulr investment and not apply to subsequent allotments.