February 20, 2020
Dear SEC Regulators,
I think most investors are very glad to have a protective regulatory agency that makes sure that various funds and securities are properly described to investors. We appreciate it because it allows us to make our own investment decisions. We can also appreciate the protective instinct behind the proposed new regulations.
However, in practice, these new regulations have the potential to severely impact my current investment plans. Leveraged funds are extraordinarily important to me, and I am only taking on risk I am comfortable with. Please do not take away my ability to make my own decisions about what I invest in and please do not restrict my access to these funds.
We all understand the risks of leveraged ETFs, accept them, and are willing to live with the consequences of our choices as investors. Please drop these new proposals and let us all continue to try to better our financial situations with all the tools we are currently employing. To do otherwise would harm, rather than help, those of us who are trying to get ahead.
Thanks for taking the time to consider my comments.
Sincerely,
David Brown