February 20, 2020
I am submitting this comment as an objection to the proposed rule #S7-24-15.
If the proposal is enacted, some investors who could benefit from the enhanced return and portfolio protection potential of leveraged and inverse funds could be prevented from buying them by an overly burdensome qualification process. Brokerage firms could even stop offering these funds altogether given the difficulty of implementing the regulations.
We strongly believe this proposal is bad for investors, unnecessary and sets a dangerous precedent.