February 20, 2020
I oppose these regulations because I have for two years been subscribed to a market timing service that relies on ETFs and reverse ETFs. This service issues actionable instructions, using a rigorous methodology that makes investing a fraction of my funds in reverse ETFs, including leveraged reverse ETFs, an acceptable risk. So far this service, to its credit, has most of the time recommended a long "risk on" position. However, the proposed regulations would seriously undercut my returns if it ends up preventing me from profiting from a long-awaited bear market. Please do not implement these proposed regulations as they are unnecessary and favor the rich while discriminating against those striving to become rich.