March 11, 2020
I believe that adopting this proposal sets a dangerous precedent that threatens our freedoms as investors, creates a burdensome and personally invasive process and addresses a problem that does not exist. I personally have utilized leveraged funds to enhance and protect my portfolio in ways that would not be available to me without a free market. Leveraged funds are a minute fraction of the available investment opportunities and it is regrettable that the SEC has chosen to consider intervening in an area that has been rewarding to many investors such as myself. A greater concern is the sacrificing of our freedoms to choose and invest as we please as Americans. The ability to invest in these products should not be decided by an administrative nightmare that could in fact eliminate the desirability and marketability just through unnecessary government intervention.
Please reconsider this proposal and allow investors to retain their free choices in an open market that has provided opportunity for all over the past century.