Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: Regulating (further) sale of leveraged or inverse funds is one the more stupid ideas I've seen come from the SEC in the last 25 years. These funds provide the opportunity to PROTECT your portfolio, not destroy it. The regs are unnecessary and overly burdensome to investors, back offices, compliance, and producers. Onerous, additional qualification procedures will do nothing but take valuable time away from producers whose job is to track, maintain, and research client portfolio's. More regs, mean less attention to what is really important. Scrap this idea now. There has been NO evidence that there is a significant problem in the usage of these types of funds. The SEC should get the hell out of the way and let investors have the freedom, which this country was founded on, invest the way they see fit. Regards, Dennis Brite