Subject: N/A
From: Jacob Richardson

Mar. 17, 2020

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

Please do not make the use of inverse and leverage harder. These products actually make investing safer. If I buy an inverse product I know what my risk is. If I have to short something, my risk is infinite. So these products, even though highly volatile actually make investing safer. 

I could understand limiting leverage to 2x but don't limit my access to them. That just creates a large divide between wall street and main street and makes the game more rigged for the professionals than it already is. 

It would be good to make them publish key statistics that influence their behavior in a much more accessible way, like part of the trade ticket or quote. I'm thinking about the cost of leverage and the futures curve that they are invested in and projected decay to due the futures curve and cost of leverage.