March 12, 2020
As a long-term investor and US citizen, I have over 25 years of investing experience in the US stock markets. Leveraged and Inverse funds investing is a strategic part of building a diversified portfolio for individual investors.
IN short, investors ought to make their own decisions in these funds - e,g, Proshares Family of Funds - without unnecessary, overbearing and burdensome qualifications by the SEC.
While I do agree that these Funds entail volatility and need to be prudently depended on as investment vehicles, their 3-Yr, 5-Yr and 10-Yr performance as independently validated by Morningstar provide independent and veracitous proof of their sustainable performance for investors to make well-informed decisions regarding investments in them.
While there will always be aggressive investors who will want to benefit from their positive performance and overreach with their investing during negative return phases and get burned, prudent long-term investors like myself should NOT be penalized for the greed and gluttony of some undisciplined or uninformed investors.
IF the SEC is genuinely worried about protecting the investor, focus on bettter regulating the algo-fueled, hyperfast mega-traders and nefarious hedge funds that insidiously control super-fast stock price changes that we individual investors are victims of.
Leveraged and Inverse funds investing gives prudent retail investors a level-playing field opportunity.
SEC - DO NOT PLEASE INTERFERE WITH OVERBEARING REGULATIONS FOR INVESTING IN THESE FUNDS.