Jan. 30, 2020
In reference to Proposed File Number S7-24-15 contained in Release No. 34-87607, I would like to inform you that your proposed new regulations on leveraged and inverse funds are unnecessary and obtrusive. Leveraged and inverse funds have been an important part of my portfolios helping to enhance and protect their performance. I perfectly understand the characteristics, risks and performance of these funds and resent unelected, unaccountable bureaucrats evaluating my capabilities concerning my investments and trying to prevent me from using the best instruments available in the free markets to obtain my goals and objectives. I am adamant about preserving the long-standing free public markets where investors and their advisors have the freedom to buy public securities without government impositions and limitations on investor choices. Please consider shelving this unwanted regulatory hinderance and, while you’re at it, get rid of a few other unproductive regulations impinging on the rights of the American people. Respectfully, John Coppola