January 30, 2020
Inverse funds are very important to ANY investor who believes a market, such as the SP or NASDAQ, is going down. Instead of the danger and difficulty of shorting an individual equity, the inverse funds allow diversification over a large group of equities. Why should only banks and large institutions be allowed to buy inverse funds and individual investors be relegated to trading or investing only in perceived up-markets?
Perhaps leveraged funds should not be available to any person or entity Let us not have the SEC do anything that favors select entities. If an investment product is dangerous, then it should not bbe in the markets at all. Banks, brokerage houses, and large institutions are as likely to misuse their and other persons resources as are individual investors.