New rules force first-time retail traders to complete simulated trading before touching single-stock leveraged products, as regulators scramble to contain fallout from a meme-stock-style frenzy. South Korea’s financial regulators just told retail investors to practice before they play for real. On July 16, 2026, authorities announced a temporary suspension of new single-stock leveraged ETF listings. The mechanics of mandatory practiceThe simulated trading requirement targets first-time investors specifically. More restrictions could be comingSouth Korean authorities are reportedly discussing proposals to cap individual exposure to leveraged products at 20% of an investor’s total assets.