March 15, 2020
Dear SEC,
I applaud the new rule that will restrict the trading of leveraged and inverse funds. I have traded GUSH from Direxion and have lost all my money in this fund to the tune of 7500$.
Direxion is the worst possible fund company I have ever bought funds through. They have had a reverse split of GUSH twice and each time they charge exorbitant reverse split fees and reduce the value of my holding as well. I will never invest in Direxion funds in my life again. This company should be shut down. Please go ahead and restrict trading of leveraged ETFs.