February 20, 2020
I am writing to let you know that I am opposed to the unprecedented proposal from the Securities Exchange Commission that would make it more burdensome to buy, or even prevent me from buying, leveraged inverse funds, such as the ones offered by Pro Shares.
The SEC has not shown there is a problem that needs to be solved with respect to leveraged and inverse funds. They fail to show why these funds should be treated differently than tens of thousands of other public securities.
The proposal would be at odds with our long-standing system that gives investors and their advisors the freedom to make their own investment decisions.
Please continue to preserve the long-standing free public markets where investors and their advisors have the freedom to buy putlic securities without additional government-imposed limitations on investor choice. Thank you.