It is not fair to impose restriction on leveraged and inverse ETFs for most citizens. Under the new rule, people need to demonstrate a high net worth in order to invest. This is definitely discriminating as it treats investors differently based on social status. It favors high net worth individual.
Hongjian Yang Comment On Regulatory Notice 22-08
It is not fair to impose restriction on leveraged and inverse ETFs for most citizens. Under the new rule, people need to demonstrate a high net worth in order to invest. This is definitely discriminating as it treats investors differently based on social status. It favors high net worth individual.