February 19, 2020
As a retired Registered Investment Advisor for almost a quarter of a century, I find the proposed moves to prohibit trading in leveraged and inverse funds extremely disturbing. Over the course of my career, I found that many if not most of the most lucrative opportunities for investors were simply not available to them due to proposed trading restrictions such a this. This regulation, if passed, would be another example of how the regular guy on the street would be thrown to the sidelines and be forced to participate in plain vanilla instruments unlike the rich and more powerful who will always have access because of political influence. In sum, I strongly disagree with any regulation that provides a certain class of people the right to invest, while placating those who have the right to invest in whatever instrument they so choose. The American public has a lot more intelligence, let them choose what they want to invest in, not be forced into a cattle trough of mediocre investments.
David Van Winkle