Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: Hello, I am a full time trader and have traded triple leveraged funds for many years and it would be detrimental to my income to lose the ability to trade leveraged and inverse funds. I trade and invest in triple leveraged, therefore my income would be cut be 2/3 if I was unable to trade triple leveraged funds. It helps protect my portfolio and therefore my livelihood. As an options and crytocurrency trader as well, I fully understand higher risk/higher reward investments as well as inverse funds. I recognize their performance characteristics and do not want to rely on a third party to evaluate my capability to continue trading with my methods. I find it would be a voilation of the long-standing free public markets for government-imposed limitations to regulate my choices as an investor. I want to maintain my freedom to buy public securities without any extra set of limitations. I also trade alongside many other traders who have had better success with these triple leveraged funds that individual companies. I have watched them grow their net worth, enjoy better financial security, and contribute to our country through taxation on these gains. Everyone I know who invests or trades within leveraged securities is better off for it, as we are a whole. Please do not implement new limitations on leveraged and inverse funds. Regards, Daima Hines