Subject: N/A
From: Dan Dudek

Mar. 17, 2020

Comment on SEC Proposed Rule #S7-24-15: 

This proposal makes absolutely no sense. Where is the proof they are a problem? One can make the argument that passive investing is toxic and dangerous and thus all passive funds should be banned because in a crash you can lose 80% of wealth. Also, ban buying US bonds because if we get a severe inflation shock then you lose 80%. Also ban buying a house, can lose 50% in a recession. Also, ban buying any Oil products. etc.. So there appears to be action without proof or debate. Similar to ban certain guns argument. Perhaps with any financial asset, its the person, not the product that's the issue. 

Dan Dudek