Mar. 17, 2020
Comment on SEC Proposed Rule #S7-24-15: Leveraged and inverse funds are an important part of investing. There is risk in all investing, and if the SEC begins to restrict investing on certain funds, then where is the line drawn? Future motivations could then begin to restrict other investments, making it more difficult for people to find the right investment opportunities for their purpose. Further, if only those with substantial financial backing are able to invest in certain funds, then this creates an opportunity only available for the upper social classes. The founding fathers pushed a society that was open to all, and this would be counter to their dreams for all Americans. I am capable of making my own decisions and understanding the risks involved. If I choose to invest in some funds that use leverage or inverse strategies, then I am willing to take on that risk. The SEC's purpose is to prevent illegal acts from harming the public, not preventing legal opportunities for certain members. Regards, Jerrad Lancaster