February 7, 2020
I am a small investor and I have managed my own family's savings/investments for over 20 years.
I am against this proposed rules. Being that I am mot an "accredited" investor I do not have access to Hedge funds and Private Equity investments. This is one of the few ways available to me to have a hedge for my investments and or use the leverage when appropriate to increase my returns. I understand the risks I am taking. I do not need a government agency telling me that they know my financial situation better than myself. One can only imagine what kind of country we would have been if Apple, Intel, Facebook, Amazon, Uber, etc founders had to fill out forms and let some government agency decide if they were qualified or not to take a risk and start those firms. If SEC is so worried about protecting investors may be they should ban all individuals from investing in stock markets directly and only offer them mutual funds as an option.
I believe there are many other areas where SEC rules and regulations would help make the markets operate in a fair manner but this proposed regulation is not one of them.