Subject: N/A
From: Garrett Baltz

Mar. 17, 2020

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


I am writing to oppose the rule change to require qualifications to purchase leveraged and inverse funds. As Americans, we enjoy freedom to purchase and invest our money how we best see fit. Leveraged investments are risky, just as stocks carry more risk than bonds, just as bonds carry more risk than cash. It is not right to artificially draw a line where I am allowed to invest my money. Bitcoin can easily be more volatile and risky to invest in than leveraged funds and there is no rule preventing anyone from investing in that. 

Leveraged funds are an essential part of my portfolio asset allocation in constructing a risk parity portfolio that I have extensively researched. I understand that risk of using these funds and I should not have to be subject to a third-party to decide if I am qualified to invest in them. In the end I am investing my money, I should be free to invest it how I see fit. 

Garrett Baltz