January 29, 2020
I realize that the basis of the SEC is to protect investors from fraudulent investment, scams, and bad advice from fiduciary advisers. However, forcing investors to go beyond normal channels to invest their funds is stepping well beyond the bounds of your regulatory powers. My wife and I have several positions in levered funds and know the risks associated with these funds. We've done our research and know what's at stake. Ultimately, it's our post-tax money to invest the way we see fit. I do not see where I ought to have to provide mental and fiscal fitness to any governmental agency to purchase a financial product that is freely traded on one of the major exchanges.
I will be contacting my elected officials to let them know how intrusive your policy is and where you've overstepped your boundaries.