March 10, 2020
The purpose of this memo is to comment on my use of LI Funds and the proposed rule change. I use them regularly and trade them both intra-day and hold them overnight. I am very aware of the risks associated with these funds. I am careful to monitor my positions regularly and use stops and profit targets for entries and exits. LI Funds are an integral part of my investing strategy. I would not welcome the potential of them being either taken away or my broker deciding if I can trade them or not. I do believe the risks associated with these funds are properly and sufficiently outlined in the prospectus. I dont think further qualifications or enhanced regulations are necessary. If the proposed regulations are adopted, I certainly believe my prior use should automatically qualify me for continued use without further qualifications. Thanks.