March 10, 2020
I believe leveraged product have a place in an investors arsenal. I use them with a very small percentage of my networth to aim for outsized returns.
The proposed SEC rule sounds to me too controlling although I understand the interest of protecting individuals from themselves. In any case I believe the decision on who can trade leveraged instruments should not be discretionary at someones opinion. If a rule is to be implemented I think the best way is to make it black and white with exact numbers i.e you can only use them with x percent of your networth, you cannot trade the instrument more than x times per day, etc.