Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: I am alarmed and outraged that the SEC feels that they have the right to determine whether I can invest in L&I funds. I have been investing since the mid 60s. I was in the financial services industry for over 30 years. My brokerage company has determined that I can invest in these types of funds. I check my account on a daily basis. BTW - here is an idea that you might consider - why not cut down the number of BoT contracts from 500 non deliverable contracts to one deliverable contract by 90-95%. That would eliminate much of the speculation. Why don't you look at the trading for the week of Feb 24 and ask why $3 billion worth of contracts were entered in a matter of minutes. OR look at thew fact that a years supply of silver contracts were traded over a couple of days. My brokerage firm AND I are very capable of determining the risk I can take regarding investing.