I am writing to request that leveraged and inverse finds remain open to average investors. These products do have their own risks and my broker places several warnings before I can make a trade in an inverse or leveraged product. These are meant for short term and day trading only and there are many warnings that they are not intended for long term and you can lose everything if you do. I think these products are great for people like me because it gives a great opportunity for a short term trade with less capital at risk compared to a cash position in the underlying. Please keep individual investor access to these and just emphasize or require warnings. The traders who know what they are doing will understand and proceed, those with less knowledge will most likely wait and research before trading.
Nick Roth Comment On Regulatory Notice 22-08
I am writing to request that leveraged and inverse finds remain open to average investors. These products do have their own risks and my broker places several warnings before I can make a trade in an inverse or leveraged product. These are meant for short term and day trading only and there are many warnings that they are not intended for long term and you can lose everything if you do. I think these products are great for people like me because it gives a great opportunity for a short term trade with less capital at risk compared to a cash position in the underlying. Please keep individual investor access to these and just emphasize or require warnings. The traders who know what they are doing will understand and proceed, those with less knowledge will most likely wait and research before trading.