Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: I am alarmed about SEC proposed rule #S7-24-15 that would create a qualification process that could limit investor access to leveraged and inverse funds. As an individual investor who manages his own money, leveraged and inverse funds are important to me, and they allow me to seek enhanced returns and help me protect my portfolio. As an individual investor, I’m keenly aware of the inherent risk that comes with any investment in the financial markets, and I’m capable of understanding leveraged and inverse funds and their performance characteristics. I don’t want a third party evaluating my capability to do so and potentially preventing me from buying them. I want to preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice. The proposed rule is a slippery slope that impinges upon and endangers that freedom. Regards, Roger Seward