Investments have many safeguards to prevent individuals from investing in products they don't understand. These range from a formal prospectus all the way to a (highly) informal google search (which will readily enumerate the risks involved in investing in leveraged ETFs. That information is easily accessible to anyone who might choose to invest in these products. As a result, regulating these products further takes choice away from investors who have every opportunity to ensure that they are fully informed. Functionally, this step just creates one more opportunity that is limited to those who are already wealthy. Please do not discriminate further in favor of increasing the wealth gap.
Justin Baker Comment On Regulatory Notice 22-08
Investments have many safeguards to prevent individuals from investing in products they don't understand. These range from a formal prospectus all the way to a (highly) informal google search (which will readily enumerate the risks involved in investing in leveraged ETFs. That information is easily accessible to anyone who might choose to invest in these products. As a result, regulating these products further takes choice away from investors who have every opportunity to ensure that they are fully informed. Functionally, this step just creates one more opportunity that is limited to those who are already wealthy. Please do not discriminate further in favor of increasing the wealth gap.