May 4, 2020
Comment on SEC Proposed Rule #S7-24-15: Now more than ever, the ability to research an investment and mitigate risk with stop loss orders, as well as research the holdings of index funds is readily available. As an investor who also works 40 hours a week and doesn't have much time to read the news or research balance sheets in an economy with nothing less than pitiful interest rates for the foreseeable future, index funds are critical to keeping a balanced portfolio. Removing them will cause more work on my part and may cause me, as well as others, to put too many eggs in one basket that might blow out the bottom at a moment's notice. Understanding the volatility of my investments is my responsibility. If I drop 25% of my portfolio into a Bear Fund and don't consider that something might scare the bear off in the near future, it's my liability if I didn't place stop loss orders or keep appropriate tabs on my investments. Market volatility is mentioned everywhere in securities trading, hence why invested funds are not FDIC insured, removing ETFs will have unintended consequences, I'm sure.