Sep. 02, 2020
Comment on SEC Proposed Rule #S7-24-15: Investors are aware that investing involves risk. And not investing involves risk (inflation). A parent must limit the choices a child can make because a child is not capable of sufficiently rational decision making. And perhaps a government must limit choices from its citizens that are inherently dangerous (eg heroin). But life involves risk, people who invest in the markets are aware of this, and I vehemently disagree that leveraged investments should be limited by the government. As a knife can be very useful or dangerous, as fire can be very useful or dangerous, as low cost index funds and ETF’s (SP500 eg) can be useful or dangerous, so too leveraged funds. I am opposed to the limitations and additional regulations of leveraged products, as long as management is clear as to how the funds function. Sincerely, Keith Brookenthal