Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: The freedom to choose and make one's own investment choices has made some rich while others went broke. The knowledgeable and wise investor has always had the advantage over the ignorant impatient one. Taking away this choice simple imitates a communist manifesto, which is not our rule of government. I am not a professional financial advisor or equivalent person, but my investments using stocks, bonds and leveraged funds have provided enough additional income to purchase two homes and live debt free. Your proposal to restrict me from investing in such funds would put a damper on my returns. One does not need to have a PhD in finances to use leveraged and inverses funds wisely. In both bear and bull markets, these funds will continue to help the knowledgeable investor increase his portfolio while minimizing loses. The average person has a wealth of information available to him from which he can easily educate himself about using those funds to his benefit. Therefore, your proposal to regulate leveraged and inverse funds should be dropped. Regards, Melvin Moy