Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: Dear SEC, I am writing to express my opposition to Proposed Rule #S7-24-15. Leveraged funds are important to the long-term structure of my financial portfolio and provide me with the ability to attain greater gains with less capital. In the same vein, they area essential feature of free public markets and should be made available to all investors who wish to purchase them. Having a third-party decide whether one can or can not invest in these securities is an anathema to free public markets; it should be the investor's responsibility and prerogative to investigate the risks associated with any security. I feel that my brokerage sufficiently advises me of the risks involved in investing in leveraged funds and adequately provides the resources, warnings and vetting for investing in these types of securities. Introducing yet another party into this process is unwarranted and could lead to prolonged investigation and capricious decision-making, the basis of which have not yet been determined, nor has an appeal process been established, all of which could take away from valuable time in a fast-paced market environment. Government-imposed limitations on investor choice is not warranted in the purchase of leveraged funds, especially with the current safeguards, information and vetting currently in place through investor brokerages and clearinghouses. I thank you for your attention and consideration. Regards,