February 26, 2020
Dear SEC, I work in the investment industry and personally have funds in multiple levered and at times inverse funds. Our firm already requires extra due diligence and disclosure. Clients including myself must sign additional forms prior to placing trades. All client can only participate after completing paperwork and doing all trades as unsolicited. So reality is there is very limited activity and what little there is comes from sophisticated clients. I believe all firms have similar restrictions so I don't believe you need to eliminate or further restrict this activity. I also vaguely recall doing additional training a few years ago and believe all of these measures are sufficient. Finally these products are unique so I think they deserve a place in the public markets.