February 25, 2020
I am opposed to the SECs proposed rule concerning investing in leveraged and inverse exchange traded fund products for the following reasons.
Leveraged and inverse funds are important for developing long/short strategies, and to increase returns in both rising and falling markets.
I am capable of understanding leveraged and inverse funds, their performance characteristics, and do not want a third party evaluating my capability to do so, or preventing me from purchasing such desired funds.
I wish to preserve the concept of free public markets where investors and advisors are free to purchase securities without additional government imposed limits on their choices.
Thank you.
Respectfully,
David Barber