Apr. 09, 2020
Comment on SEC Proposed Rule #S7-24-15: I am fully aware of the risk of trading leveraged funds, as I believe most who do trade these are. I understand that I could potentially lose my entire investment. I think that the average investor that may not understand these risks likely doesn't even know of these funds existence. I did not learn about them until getting very deep into the investment realm. Direxion offers very transparent disclosures about the risks involved, and assures traders that these shares cannot be used as a "get rich quick" tactic. I believe that this, along with the fact that if you google leveraged funds the majority of the results are warnings, rather than suggestions to trade these, shows that there is ample information out there to protect unaware investors from the risky nature of these investments. Ultimately, it should be the decision of each investor whether they want to trade a fund/stock or not. Everyone who takes part in stock market trading/investing understands the risks to a certain level. I believe that the ability for each individual to weigh the risks/rewards of any decision is important in this country. Restricting my investment options would be an insult to my intelligence, as well as a restriction of my freedoms to do as I wish with my money. Thank you for your consideration.