FINRA's entire concept of restrictions for leveraged and inverse funds and dozens of other popular investments deemed to be complex is totally un-American and smacks of nannyism at its worse.
No one is forced to make any of these investments and some people are more risk averse than others. Investors should know their own limits.
Sports betting or casino gambling have risks too, but no one is forced to show any knowledge or horse racing, or attest to a sports team knowledge before placing a bet.
Several rules of thumb to follow prior to investing:
Conduct your due diligence, if it sounds too good to be true - it isn't, don't get greedy, diversify your investments and yes sometimes you will lose.
Timothy Healey Comment On Regulatory Notice 22-08
FINRA's entire concept of restrictions for leveraged and inverse funds and dozens of other popular investments deemed to be complex is totally un-American and smacks of nannyism at its worse.
No one is forced to make any of these investments and some people are more risk averse than others. Investors should know their own limits.
Sports betting or casino gambling have risks too, but no one is forced to show any knowledge or horse racing, or attest to a sports team knowledge before placing a bet.
Several rules of thumb to follow prior to investing:
Conduct your due diligence, if it sounds too good to be true - it isn't, don't get greedy, diversify your investments and yes sometimes you will lose.