January 30, 2020
I urge you to not implement the proposed changes making it unreasonably harder, time-consuming and more expensive to use inverse/leveraged funds. These costs will eventually be passed on to the investor and affect mostly the small investor.
The funds are already clearly marked as inverse/leveraged. I am already given the prospectus. There is no reason to make the process any more regulated.
I am an adult and like to be treated as such. I make my financial and investment decision myself and have done so for over 25 years. I don't need an additional baby sitter for myself that ultimately I would pay for.
A more useful rule would be to not allow people to buy luxory cars, houses or other items without submitting financial details to a commission and be approved. But this would violate my privacy and freedom. And so does this.
Please scrap the rule.