The type of products able to be traded by retail shouldn’t be limited. Disclosures on inverse and leveraged funds are ok, but restrictions on trading will make markets less fair as hedge funds and banks would still be able to trade the products.
The same goes for options. I went out and spent the time and effort to understand various complex options strategies. I should not be punished for the Robinhood idiots.
I do support a common option exercise and auto close for brokers though.
Trent Seidel Comment On Regulatory Notice 22-08
The type of products able to be traded by retail shouldn’t be limited. Disclosures on inverse and leveraged funds are ok, but restrictions on trading will make markets less fair as hedge funds and banks would still be able to trade the products.
The same goes for options. I went out and spent the time and effort to understand various complex options strategies. I should not be punished for the Robinhood idiots.
I do support a common option exercise and auto close for brokers though.