Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: The leveraged and inverse funds are one of the few opportunities average investors have to secure their retirements. It took us a while to see how best to use them, but now we are secure in the knowledge that should we ever experience a stock market/financial institutions/economic disaster such as was brought on by big banks/investment institutions/crooks in congress, WE the PEOPLE have an opportunity to NOT be taken down so drastically simply by placing our money in inverse funds such as made possible by ProShares. In addition, with the Trump economy rising all boats- especially for low- and middle-income people- we also can gain mightily from the leveraged funds that allow us to participate in gains once only available to the big-bucks crowd. If the SEC thinks we should NOT have these opportunities, we will take advantage of contacting our elected representatives until they wake up and realize WE the PEOPLE are not going away this time. We expect the SEC to also stand up for US and not just for the millionaires and billionaires. To think you would want to take away this opportunity from middle- and even lower-income individuals is shocking and egregious. If anything, you should be explaining to real people how to use these funds to their BENEFIT. Regards, Virginia Donahue