February 19, 2020
Please carefully consider the implications of a policy charge for individuals currently holding reverse leveraged ETFs. Just the news about the possibility of making it harder to trade these ETFs causes an adverse change in the value. The news alone causes consumer harm, where the SEC's ought protect consumers now holding reverse leveraged ETFs.
Investors by virtue of being investors know the risk, and anticipate movement in market value from a number of changes in the marketplace, not from the SEC (the very entity that oversees the integrity of the market).
If the SEC had implement the policies that make it more difficult for investors to trade reverse leveraged ETFs at the begining (when these ETFs first started to trade), that would be well and good. But making thses ETF more difficult to tade now (after traders are holding them) is a cruely...punishing traders now for the SEC mistake at the beginning.