May. 09, 2020
Comment on SEC Proposed Rule #S7-24-15: This is very alarming. Many investors (myself included) have been trading leveraged and inverse funds since their inception. Many investors (myself included) have large amounts of cash tied up in these leveraged and inverse funds and this proposal would be absolutely catastrophic for us who understand and accept the risk associated with these funds. The rule would also completely destroy the concept of a in free market in North America, and undermine the trust that we, the investors place in the SEC and the current federal administration. Investors already have to contend with political interference from the highest levels but this proposed rule will kill faith in the USA, and ironically the very stock market that it appears the SEC is now trying to influence.