Subject: N/A
From: Benjamin Rosenthal

Mar. 17, 2020

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

Since 2013, leveraged & inverse funds have been making an indispensable contribution to my retirement nest egg. Hampering my ability to continue investing in them could seriously impact my retirement timeline. As an individual investor, the protection I need is from behaviors such as fraud and theft. I do not need my freedom to write my own financial destiny to be curtailed. In fact, that would go against some of the very principles that have made our country the envy of the world. I believe it is adequate to require individual investors to sign disclosures certifying that they understand the risks inherent to leveraged & inverse funds. I find it ironic that the SEC is considering this proposal at the same time it is considering another proposal to widen the definition of "accredited investor". In this day & age, when most Americans have to be responsible for funding their own retirements (instead of relying on defined benefit pensions), increasing individual investor freedom is the right direction to be moving in. And we have already seen steps in the right direction in recent years, with the passage of the JOBS Act and implementation of Title III of that act. Curtailing the ability of individual investors to freely choose to invest in leveraged and/or inverse funds would be a step backwards, in the wrong direction. 

Benjamin Rosenthal