Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: RE: Use of Derivatives by Registered Investment Companies and Business Development Companies; Required Due Diligence by Broker-Dealers and Registered Investment Advisers Regarding Retail Customers’ Transactions in Certain Leveraged/Inverse Investment Vehicles, File No. File No: S7-24-15, Release Nos.: 34-87607, IA-5413, IC-33704. As an individual market participant, these proposed rules counter our excellent free market system, undermine personal responsibility and inhibit the excercise of free will, skew market data and analysis, and insult the intelligence of individuals. Market participants who need hand-holding can seek the expertise of a broker and/or financial advisor. Please reconsider the above-mentioned rules and do not put them in effect. Thank you very much. Regards, M Nishi