January 30, 2020
Id like to speak out against the proposed rule #S7-24-15 as an individual retail investor. Im a white collar professional who is perfectly capable of understanding the prospectus and the associated risks of leveraged and inverse funds. I agree with the brokerages that place warnings and disclosures about the associated risks, but that shouldnt preclude myself or others from utilising them as part of our overall strategy.
This rule would simply be a handout to the advisors who want to charge me for the privilege of including these funds in my portfolio. For many, these leveraged and inverse funds do not even begin to enter the thought process unlike target date funds, index funds/ ETFs and the like. This would be an awful development in the retail investors capability to save and dictate their own risk appetite.
I implore you to drop the notion of this rule for the sake of the retail investors seeking to take charge of their financial future that include funds such as these.