January 29, 2020
I oppose this proposed new regulation, especially the overly burdensome qualification process part. It is good in concept but poorly designed and hard to implement. The brokerage companies won't have the ability and resources to properly screen the qualification of investors who wish to invest in leveraged and inverse securities. As a result, they would just eliminate these types of products on their platform to prevent any potential burden. At the end of the day, ordinary investors who are willing to take the risk for the enhanced return will not be able to access these products anymore. It's essentially another example of the anti-free-market movement.