Subject: #34-87607
From: Tim Banks

Apr. 02, 2020

It would be bad for the whole investor community. Leverage avoids putting more capital at risk for common sense and defense thru liquidity. Perhaps a training test for each advisor to cover both sides is needed. Complexity has never stopped market enhancements when used, particularly to exclude more capital for similar results with half or a third the capital.. Clients should be given pertinent information and advisors should use them in a fiduciary manner.