March 11, 2020
How dare the SEC approve the sale and use of leveraged inverse ETF's and then on the cusp of a recession decide, in there infinite wisdom, that people cant really understand the complexity of these funds. That is complete BS. I am not trained or educated in finance, but understand a 3:1 inverse leveraged etf. If this is approved, i believe that it would cause ripple effect into other stocks. What would stop the SEC at that point to deney someone that makes less than $20,000.00 a year from buying stocks under the guise of they dont know the risks or cant handle the financial burden of buying and selling stocks. It is a farse that this is even being talked about. I thought we lived in a free country, but everyday it seems to get more and more socialst.