I believe investors should be able to choose what investments that they want to invest in. I used these investments as a hedge for my portfolio. I do think that the acknowledgement of risk and investment experience should play a role in whether investors can invest in leveraged products, but the approval process should be similar to the process for getting approval to trade stock options. It shouldn't be more restrictive than that process. An investor should read the prospectus to understand the risk and they should have 2 years of investing experience. I don't think they should have to pass a test or face any blackout periods or limits to number of trades.
Don Greiner Comment On Regulatory Notice 22-08
I believe investors should be able to choose what investments that they want to invest in. I used these investments as a hedge for my portfolio. I do think that the acknowledgement of risk and investment experience should play a role in whether investors can invest in leveraged products, but the approval process should be similar to the process for getting approval to trade stock options. It shouldn't be more restrictive than that process. An investor should read the prospectus to understand the risk and they should have 2 years of investing experience. I don't think they should have to pass a test or face any blackout periods or limits to number of trades.