February 20, 2020
To whom it may concern,
I believe that the SEC is that is straying from its primary mission to protect investors with a proposal like this. IT IS NOT THE JOB of the SEC to regulate the amount a risk that an educated investor chooses to take. If you were to eliminate this type of investment you would necessarily need to also prohibit puts, calls, margin etc. as these are also forms of leverage. It is the duty of the investor, NOT the SEC to educate themselves on risk levels and to use them appropriately. This would take away a useful tool that is actually safer than some puts, calls, and margin. You would actually exposing the public to more risk by taking away access to these leveraged ETF.