April 20, 2020
Regarding more regulations of leveraged and inverse funds:
1. SEC rules are to protect consumers from dishonest, unscrupulous, greedy companies who take undue advantage of consumers. As far as I know, this is not the case.
2. As I read it, it is unconstitutional to take on the mantle of protecting investors from their own pursuit of happiness. (Preamble). Pursuit cannot be separated from risk.
3. Who and why is this being initiated? The SEC and its purpose maybe on trial here. If it could be sued for violating its purpose and for government overreach it could be asking for a class action suit.
4. Please reconsider over-regulating these leveraged and inverse funds and fully examine the motives of those who have initiated these proposed regulations.
Thanks you.
Dr. Jimmy Robinson