March 13, 2020
Dear Securities and Exchange Commission:
I am writing regarding SEC Proposed Rule #S7-24-15.
I believe it would be a mistake to limit individual investors use of LI funds, or to put a burden on the brokers to qualify individual investors as this would also end up limiting the availability.
I understand that these funds carry more risk than other investments, this is the very nature of this type of fund. I also understand that these are not intended to be held for the long term due to the deterioration in value because of the type of holdings in the fund in order for it to maintain short term tracking.
Direxeon and my broker keep me well informed of information regarding the fund (I get a prospectus any time I buy shares in the fund), and I when owning it or even when not I keep regular track of the funds I am interested in.
If the regulations allow this type of fund to operate, then it would put individual investors at a disadvantage to not be able to use them, and one of the prime concerns of the SEC is to ensure that all investors have a fair environment in which to operate.
Thank you for allowing me to submit this input.
Sincerely, James W. Kreider