February 21, 2020
I am 100% in favor of ALL regulations that are proposed by the SEC for ProShare funds. As a very conservative investor and having extensive conversations with my advisor about such, he still put into a ProShares fund that has lost 90% of it's value. This is more than just sour grapes. It is my belief that the brokerage house that my advisor was working for, was giving incentives to their agents for putting clients into these funds even though it went directly against my investment strategy. Shame on me for not being proactive and investigating what my advisor was purchasing on my behalf. It is so out of character for what is in my portfolio, that I have to wonder why? Perhaps these new regulations will make it more difficult for advisors, agent, brokers, etc. to put investors in these funds when in reality, they don't belong in them. Thank you.
Bruce Herman