FINRA is right to have concerns about leveraged and inverse ETFs for retail investors trading on their own without a broker or advisor. Simple attestation and acknowledgement of risks with education is the answer. Investors are constantly told investing has risks and the primary focus should be on education of those risks without detrimental affects on broker dealers, brokers or advisors.
Lawrence York Comment On Regulatory Notice 22-08
FINRA is right to have concerns about leveraged and inverse ETFs for retail investors trading on their own without a broker or advisor. Simple attestation and acknowledgement of risks with education is the answer. Investors are constantly told investing has risks and the primary focus should be on education of those risks without detrimental affects on broker dealers, brokers or advisors.