February 19, 2020
The proposed Rule #S7-24-15 is an understandable consideration however sets a dangerous precedent in investing.
Leveraged and inverse funds play a very important role in my personal investments along with our corporate investment strategy for clients. When used by professionals, for clients who understand them, they are useful for actually reducing risk and enhancing returns.
This should be left to the free markets where all parties should have the ability and freedom to invest in what they they choose without any additional oversight or limits.
One of the great things that has made our financial markets so resilient is the freedom to invest, pursue returns, and take risks.
Please consider the implications of this proposed Rule in depth and understand the precedent that would be set by going backwards.