February 20, 2020
The proposed rule (S7-24-15) to regulate and restrict the sale and purchase of Leveraged and Inverse ETFs is dismaying and alarming
As a person who cherishes free-market participation, I appreciate some regulation that protect the investors and the brokers, but this rule makes no sense. It attempts to lord over the investor and tell him that he is a small kid and not allowed to make decisions about buying or selling certain instruments.
It is an attack on free individual decision making, and on his freedoms to participate in the market for growth.
I am generally ok with the SEC but this proposal makes absolutely no sense and is quite alarming in its nature of what else will be restricted in the future.