January 30, 2020
To Whom It May Concern:
I am writing to ask that you not limit the small investor's ability to protect himself from a sudden market correction.
Your proposal 34-87607 dated 11-25-19 would do such a thing if the small investor were prohibited from inverse and leveraged funds.
These are low cost ways to gain insurance and protect your gains. The average investor cannot short stocks in a safe manner.
Funds such as SSO and SDS are simple to understand and no third party should be evaluating my ability to invest in them.
To remove these options would negate the free market aspect of investing as well as put the whole economy at risk of a market correction.
It is unclear what problem your proposal would correct as these funds are safer and easier to understand than many of the shares of publicly traded companies.