March 11, 2020
I don't want the SEC making it difficult for me to buy leveraged and inverse funds. I don't need you in my business deciding if I qualify. I also don't see the need. I sometimes use these funds to hedge positions and to make money. That's my business, not yours. I wonder if you're trying to make it so people have to sign up with an adviser or make it so only the rich or well connected get to use these funds. I also wonder if you're trying to create a layer of liability for the funds and brokerages that carry them. That would cause them not to offer them at all. Stick to catching crooks and leave the leveraged and inverse funds alone and the investors that want to use them alone. I also think your looking for some kind of fee that goes with the qualifying process. Stay out, investors don't need the government looking over their shoulder like a big annoying brother that messes things up for his own reasons and says it's for my own good.