March 12, 2020
Dear SEC Members,
I strongly disagree with imposing a regulation requiring investors of leveraged and inverse stock funds to be required to submit any financial background information, or be evaluated in any way other than having sufficient funds in the immediate account to cover any losses. Brokerage firms currently have the ability to stop a person from making trades, and if for some reason losses in an account are greater than the funds can cover, the Brokerage firm has been able to manage this under current regulations. Adding more regulations when a system is working well only makes a situation more bureaucratic and burdensome.
Please leave the leveraged and inverse stock fund situation as it is.
Thank you for your consideration of these comments.