February 27, 2020
I believe this change is bad for investors as many investors benefit from enhanced returns and portfolio protection of leveraged and inverse funds. If overly burdensome qualification process is required, this may limit some people accessing these funds, and may stop offering these funds due to difficulty implementing the regulations.
The SEC has not shown that there is a problem that needs to be solved with respect to leveraged and inverse funds.
Requiring one to qualify to purchase a security in the public market would be an unjustifiable break with how the SEC's regulation of the sale of securities in the public market has worked for 90 plus years. Investors and advisors should have the freedom to make their own choices freely with out regulation.