February 19, 2020
I am an investment advisor with 35 years of experience. This proposed rule is yet another needless intrusion into the private business affairs of citizens. i have personally used leveraged funds to pay for several of my children's college educations and they provided one child with downpayment funds for a home.
Rather than another nanny state rule to protect people from themselves, why don't you put a required advisory notice on any trade in these funds?
I think you would save many millions of citizens from losing so much more by going after the financial media for needlessly frightening investors out of equities with their phony "experts" trying to hold their prognostication skills out as worthy of following. When you have decades of evidence through DALBAR that the SP 500's returns are much higher than the returns of the average equity investor, you could change the entire future financial security of the nation by preventing the media from whipping the populace into fearful or greedy hordes responding to their worst impulses and instincts. Leave the leveraged funds alone and pay attention to something worthy of your efforts to make all Americans more secure.