March 12, 2020
Regarding the proposed rule #S7-24-15...please note:
In addition to my personal knowledge of the risks involved buying leveraged/inverse funds (Direxion CLEARLY and comprehensively discloses such risks) and to my daily practice of logging into my TD-Ameritrade account....I am a United States American citizen, born and raised in the Continental United States.
As such, the Constitution of the United States provides, through the Fifth and Fourteenth Amendment of the Constitution, the property rights to which each American is entitled.
Since we, the United States of America, is still live in a Democratic Society, and not a Socialist or Communist government, then how I choose to spend my money (as long as it is legal of course) is my right as an American citizen.
Last I checked, the SEC was not paying any of my bills nor is the commission looking out for my rights.
I am perfectly capable of deciding how to spend my money and if I wanted to live in a communist country then I would have voted for Bernie Sanders.
As Thomas Jefferson stated, when drafting the Declaration of Independence stated, "Lives, Liberties, and Estates, which I call by the general Name, Property.
And James Madison, as a man is said to have a right to his property, he may be equally said to have a property in his rights.
With firm conviction,
Pamela M. Dale