Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: I do not agree with SEC proposed rule #S7-24-15. Personal investors like myself should have the freedom to make our own choices in determining which financial instruments meet our own investment objectives. I don’t need the SEC to telling me what I am or am not capable of doing. The burned to research and understand an investment should be on the individual investor and their advisors. The SEC should only regulate the creator of investment instruments and only to the extent that they clearly and fairly communicate the risks and benefits of their instruments without misrepresentation. To now try to regulate individual investors themselves and determine who is allowed and not allowed to make decisions for themselves on their investment prowess is absolutely absurd! I have been managing my own investments for years. I fully understand the risks associated with leveraged funds. I have been using leveraged funds in moderation to achieve my investment goals for years now. I understand how they work, and I understand their risks. I believe they make up a vital component of the individual investor’s investment landscape and provide individual investors with important tools that they would not otherwise have access to. I ask the SEC to strike down the proposed rule #S7-24-15 and please allow individual investors to make their own decisions about what types of investment are right for them. Our freedom is an important thing. Please don’t take it away. Regards, Pedro Pequeno