March 12, 2020
This is a terrible proposal for multiple reasons. It eliminates the ability of an investor to reap the enhanced returns of leveraged funds, something very important to a late investor. It is also against our previous history of allowing individual investors the right to make their own investment decisions. Finally, to the best of my knowledge, the SEC has failed to show a problem with leveraged funds. Therefore, additional rules and regulations are NOT needed.
Thank you.