March 10, 2020
I agree with your assessment that it's bad for investors who seek to enhance their returns and that adding qualification process will act as a deterent from investing into leveraged funds and will make it hard to execute investment strategies on a timely basis. I'm capable of understanding the type of investments that I'm transacting in and there is sufficient documentation freely available to explain the operations of them. I don't need another body to evaluate my capability in investing. These funds preserve the principle of free public markets.