This is copied from r/LETFs original post made by u/SnooRabbits9033
Folks, I watched ETF Edge today and discovered that FINRA is considering additional rules on leverage products (calling them “complex products”). One of the things they are suggesting is to add a test exam for Retail Investors as a way to make sure that they understand risks that come with Leverage. They might even go one step further to enforce 1 day buy-n-hold limit trading limit for Retail investors. I personally disagree with this and before conventional financial advisors fill it up with “yes, we need more regulation” to serve their own interest, I want to bring this to your attention. The FINRA notice is currently seeking comments from the public, on what they think should be done and whether current oversight is enough.
I want to bring this to the attention to all the members here as we all have this topic very close to our investment strategies. Below is the link, Click on Comment to leave one :
https://www.finra.org/rules-guidance/notices/22-08#notice
I hope you guys will support this.
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