March 12, 2020
It has been brought to my attention that the SEC is proposing to heavily regulate the purchase of leveraged funds of ProShares, Direxion, and any others who offer these investments.
Leveraged and inverse funds are an important part of my investment strategy allowing enhanced return and protections for my portfolio. I do not abuse or overuse.
I am very capable of understanding this type of investment and the risks where to use. I don't want a third party evaluating, regulating, and potentially limiting or preventing me from investing in these assets.
I do not want to see additional over regulation of a free public market and access to funds that can support my investment goals. Less government intervention is best for our free market society especially if they are used responsibly.
Please step away from any further regulation of these investments.