February 6, 2020
I wish to retain the right to invest in leveraged and inverse funds which have been around since the 90s and a right to retail investors available in ETFs for 15 years. Restricting or limiting access to any or such funds that trade on the public secondary market would create a dangerous precedent which violates the basic principles of individual rights and freedoms regarding an open market exchange. This would unnecessarily expand the scope of The Securities Act of 1933 which already has efficient safeguards in place concerning material information disclosures and preventing fraud and deceit.
This would adversely impact a retail investors ability to attain certain liquidity, risk tolerance objectives, reduce transaction costs - and disrupt open market efficiencies, freedom of choice, and unfairly show support for institutional investors. Funds are sold by prospectus and derivative risks associated with leverage are made apparent and each investor agrees to such stated and implied or unforeseen risks.