Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: I understand the SEC has proposed to take away my right(s) to use leveraged/inverse ETFs. I strongly disagree because of the following reasons (and believe me . . . this is putting things EXTREMELY politely!): 1. Leveraged and inverse funds are important to me, and they allow me to seek enhanced returns or help me protect my portfolio; me . . . NOT you! 2. I am fully capable of understanding leveraged and inverse funds and their performance characteristics, and I don’t want a third party evaluating my capability to do so and potentially preventing me from buying them. 3. I want to preserve the long-standing free public markets where investors and their advisors have the freedom to buy public securities without additional government-imposed limitations on investor choice. Which translates to: the government does NOT know what's good for me. I can think for myself and make rational and responsible decisions. Thank you! Regards, Anthony Davis