February 20, 2020
It has come to my attention that the SEC is proposing new rules regarding investor qualifications in the purchase and or sale of leveraged and inverse funds.
These funds are important to me in meeting my investment objectives and I do not feel the need for the SEC to determine my qualification to invest in a proven investment/trading tool. I am fully cognizant of the potential risks and rewards of using such tools and I accept those risks and rewards.
In every case when I have used leveraged or inverse funds there have been disclosures by the management/marketing company alerting investor to the risks involved. I support such disclosure and see no need for any further oversight by the SEC. I have seen no evidence of any problem of marketing abuses or any fraudulent activity in the marketing of such funds.
I support these funds as an innovative tool in meeting certain investment/trading objectives and I see no need for any further oversight by the SEC in determining if I am or am not qualified to make my own investment decisions. I believe that the proposed rule(s) would limit competition and would ultimately be detrimental to investors.
I very strongly oppose implementation these rules which are only creating a burden for investors and limiting their choices of products to meet their investment objectives.