Subject: S7-24-15 - a major negative concern for retail investors
From: David Siegel
Affiliation:

Apr. 29, 2020

CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. 


I am not a day-trader. I am a very basic standard retail investor. In no uncertain terms should UVXY have ever (and I mean ever) been offered to the basic standard retail investor community. This “product” is severely toxic and deceptive. The way it is “constructed”, basic standard retail investors will lose a significant amount money in a very short timeframe. Using my experience and a very basic number as an example, my investment has gone from $100 to .62 cents (a 99.38% loss). Again, there should have never been a “product” like this offered to the basic standard retail investment community…it was/is toxic, deceptive and grossly misleading to the common investor.