January 30, 2020
I got a notification from Proshares regarding this proposed legislation. To me, as long as investors understand the characteristics of such an investment, they should be allowed to invest - similar to investing in options.
Would it be reasonable to say that someone has to answer a question that acknowledge they understand the risk profile, sure. Would it reasonable that there are burdensome requirements to make someone eligible - no.
I value these products as a means to enhance and protect returns (similar to options), and I feel like it would be a disservice to make access more burdensome.