Subject: N/A
From: Vasant Ramabadran

Mar. 17, 2020

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

Enter your comments here.I think it is pretty unfortunate that SEC is trying to regulate a public ETF with explicit rules on the leverage, while having left the backdoor open on so so many other dubious products/services/methods which have been totally unfair to the retail investor. 
A good example is the ease with which people have been able get involved in options or futures trading or participate in numerous "products" like Mutual Funds or ETFs with very questionable expense ratios. 

I strongly believe that the SEC proposal to regulate the leveraged and inverse funds is not with broader interest of the retail investor in mind. 

These funds have been easily part of the free market and retail investors like me and many others have benefited by freely trading and investing in them. We don't wish to have SEC oversight on something like this and add more checks and balances which could be done elsewhere. 

Vasant Ramabadran