Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: This is ridiculous! Is the government and regulators going to take away the option of leverage to buy a home (mortgage)? Is the government and regulators going to take away credit cards and make us all pay cash for retail purchases? Leverage is a part of every aspect of individual and corporate life. When used unwisely it can have a negative impact. When properly it can be a great asset to market participants and bring great liquidity to the markets. This change by the SEC will cause many market participants to more to other markets like futures where such leverage is still available. Don't shoot yourself in the foot SEC! Regards, Ross Paul