I am a Ph.D. student at UT Austin, and I am doing research in quantitative finance. I believe if an investor can't freely buy any securities would be very harmful for the completeness of the financial market. Besides, the privileges that only people of high net worth could buy leveraged products can only increase the wealth gap between poor students like me and the riches. Therefore, it can't be beneficial for the whole society. I would respectively ask regulators keep the leveraged funds open for the general public, give poor people a hope.
Zhou Fang Comment On Regulatory Notice 22-08
I am a Ph.D. student at UT Austin, and I am doing research in quantitative finance. I believe if an investor can't freely buy any securities would be very harmful for the completeness of the financial market. Besides, the privileges that only people of high net worth could buy leveraged products can only increase the wealth gap between poor students like me and the riches. Therefore, it can't be beneficial for the whole society. I would respectively ask regulators keep the leveraged funds open for the general public, give poor people a hope.