March 11, 2020
I strongly object to the proposed legislation to make choices for individual investors in their selection of what to invest in. We as participants in the stock market are already well aware of the risks and gain potential of our investment choices and balance our portfolios. We have been holders of these funds in the past without issue so there should not be an issue going forward in holding these funds. Limiting investor choice sets a highly unfavorable precedent that effectively the same as rigging the market against the individual investor.
We as investors do not need to qualify to participate in other areas of the market other than the capital to purchase so the purchase of inverse funds should not be an exception.
Clearly anyone who is invested in inverse funds, are fully aware and competent enough to understand the financial instrument and how to manage without outside or quasi governmental interference or oversight.
Any efforts to interfere in the free market system by definition makes the market system not free and basically set up to rig the market which is unlawful no matter who or what does it as well as a violation of our constitutional rights to engage in free trade and free investments.