January 30, 2020
I would be against this proposed rule #S7-24-15. Simply put Inverse and leveraged fund purchase options are the responsibility of the investor and they should make the determination as to their suitability on their own. Used judiciously and monitored closely Inverse and leveraged funds can provide an opportunity and also ( in the case of inverse funds) provide some insurance against downturns or greater positive gains if the index is over bought and the leveraged fund has a markedly lower share price. I like them for specific reasons and use them for just that. Being deprived of this investment option is not right. I know the risks involved. Let me determine the investment opportunities.
Regards,