This act is another form of financial oppression. The motives for why these ETF's are having access revoked is because the retail investor/general public can make too much money in eyes of the financial industry. They are not revoking access to protect us, the retail investors. They are revoking access to protect themselves, the financial institutions, from losing too much to retail investors. These inverse and levered products should remain available if America is in fact the land of the free. Should the public be barred from trading these products, we can safely say America is the land of Private Interest, not the people.
Rolin Blake Comment On Regulatory Notice 22-08
This act is another form of financial oppression. The motives for why these ETF's are having access revoked is because the retail investor/general public can make too much money in eyes of the financial industry. They are not revoking access to protect us, the retail investors. They are revoking access to protect themselves, the financial institutions, from losing too much to retail investors. These inverse and levered products should remain available if America is in fact the land of the free. Should the public be barred from trading these products, we can safely say America is the land of Private Interest, not the people.