February 25, 2020
To whom it may concern, 34-87607.
I am writing to you regarding this unprecedented proposal by the Securities and Exchange Commission ("SEC") that would make it more burdensome to buy, or even prevent me from buying, leveraged and inverse funds, such as the ones offered by ProShares.
I believe this proposal is entirely unnecessary. 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, each with their own characteristics and risks.
Leveraged and inverse funds are important to me, and they allow me to seek enhanced returns or help me protect my portfolio.
I are fully capable of understanding leveraged and inverse funds and their performance characteristics, and you don't want a third party evaluating my capability to do so and potentially preventing me from buying them. Thank you.