Subject: N/A
From: Tom Antony
Affiliation:

Apr. 09, 2020

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

Hi SEC, 

Having lost a good deal of investment with Direxion funds, I think these leveraged funds should be restricted to the maximum extent possible. Many a times, they don't track the underlying index properly and also recently, Direxion has changed the leverage from 3x to 2x for lot of funds (ex JNUG, NUGT), but these were originally sold with the prospect of 3x returns. 

https://www.benzinga.com/trading-ideas/long-ideas/20/03/15687889/direxion-is-accelerating-the-shifts-of-10-etfs-from-3x-leverage-to-2x-leverage-as-volati 

Thanks, 
Tom.