February 20, 2020
Leveraged funds, in an EFT, mutual fund or otherwise are an important component of a risk adjusted portfolio. Taking this away from middle class investors is the opposite of "protecting investors". Inverse funds are generally not available in typical 401k plans nor would they be the automatic enrollment option. The rules proposed would not, in fact, protect anyone but the government trying to manipulate the stock market and financial markets, in general, consistent with QE and other high-flying short term governmental intervention in the financial markets.
I am strongly opposed to this rule. You should allow investors to choose how to be informed and what to put in their portfolio for publicly traded assets that are already subject to SEC rules and disclosures.
Imposing standards consistent with non-publicly traded assets on a publicly traded asset is unprecedented.