Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: I find it amusing that at a time of record equity values, record government, corporate, student and consumer debt, near record treasury debt prices, record Fed Reserve balance sheet, and a possible pandemic that the US government decides the public needs to be protected. I do not need your protection and your proposal to limit my potential hedges is anti-capitalist. It smells of politics, as the current administration could not afford a falling market. I use leveraged and inverse funds to balance my portfolio. I am well aware of the risks. These risks are well-known throughout the industry. I do not want third party enablers to skim my returns. This is about freedom of choice and I strongly disagree with any attempt to limit availability to me. Regards, Gregory Gonyea