February 21, 2020
I have been trading leveraged and inverse funds for several years now and find them a good alternative at specific times. I understand how these funds work and use them to help me achieve my investing goals. I find it very hard to comprehend how someone/something can be put in place to prevent traders and investors from buying these funds. I believe we're Americans and freedom of choice is one of our greatest strengths. I am not in favor of anyone disabling a successful part of my investment portfolio.
If you are so concerned about people incorporating these funds into their portfolios without full understanding have them read a prepared overview which includes the pros and cons. At the end of this prepared overview have them sign a statement stating they understand the risks. Their signature is mandatory and should be required 24 hours in advance of any trade.
Please do not believe you know what's best for the investor and move ahead with these proposed regulations. You can do your due diligence and make sure the investor is aware of any risks but to prevent traders who have been incorporating leveraged and inverse funds as an avenue to reach certain goals is unconscionable.
A Concerned Investor,