February 21, 2020
The dangerous proposal to limit or prevent my investing in reverse or leveraged ETFs should NOT be adopted. The stock market is already rigged in favor of big banks and institutional investors via HFT trading, stock buybacks and blatant manipulation by the Federal Reserve. And yet, we individuals, insist on having the right to invest however we choose, knowing the risks involved whether betting on the upside or downside, leveraged or not leveraged.
This proposal is a blatant infringement on our civil liberties as US citizens and I am strongly against this idea.
Inverses funds are important part of my investment strategy and it is unfair to make these types of rule changes when the markets are making new highs every day.