Apr. 27, 2020
Comment on SEC Proposed Rule #S7-24-15: I am very much against this proposed SEC ruling. A very important rule of investing is to be knowledgeable of investments and knowing and thoroughly understanding that there is inherent risk to whatever capital you deploy in your endeavors to invest. I am very much aware of this and have a high tolerance for risk and reward while taking the proper steps to limit my exposure to losing capital but also understanding that the markets are cyclical and I'll lose principal on certain investments. The Direxion funds in particular I understand are abit more risky than the average investment because the amount o exposure they provide to segments of the market. The risk is much greater while the rewards are also very high. I have invested a portion of my capital into these vehicles because I have determined that the risks are tolerable to me and I am more than sufficiently prepared to invest in them and take whatever losses or gains I will receive. I can understand the thought behind trying to protect consumers but most of the government agencies are already bought and sold by the same interests you say you are to protect us from. I am well aware of what I am doing and accept the risks here and Direxion give a great breakdown of the risks of investing in certain vehicles they offer due to the exposure of the holdings within these vehicles.