Mar. 24, 2020
Comment on SEC Proposed Rule #S7-24-15: There is not any problem that needs to be solved with respect to leveraged and inverse ETFs. Leveraged and inverse ETFs are critical components of my trading and investing; they allow me to achieve enhanced returns and also help me to protect my portfolio during market downturns. I have actively traded and invested for over 30 years and monitor my accounts on a daily basis. I am certainly capable of understanding how leveraged and inverse ETFs perform in various market conditions over both short and long time periods. I do not need a third-party evaluating my capability to do so and potentially preventing me from buying and selling these unique financial instruments. This is a free country with free public markets, and the government should not impose needless and burdensome restrictions on investor choice. Thank you for your thoughtful consideration.