March 12, 2020
Dear SEC - I am an Engineer with an MBA. I have nearly 40 yrs of investing experience and conducted an extensive analysis of Leveraged and Inverse funds before introducing them to my portfolio. I fully understand the nature of the beast and use them very judiciously to PROTECT my portfolio.
I ask you to continue to preserve the public markets so investors like me can have the freedom to buy publicly traded securities without additional restrictions, limitations, or qualifications.
The Trump Administration has been all about removing regulation and opening markets and this proposed action seems to not align with that sentiment, so I was quite surprised to see this proposal.
Yes, there are some people who need to be protected from themselves and their stupidity when it comes to life and limb or shared property. But an individual investor should not be restrained from full participation and full range of investment choices in the fund markets.
The intention of the proposed regulation is understood, but not necessary. One has to go looking for these funds to find them, they are not commonly a part of the usual corporate 401k offerings or in the standard offerings of the Big Names such as Fidelity and Vanguard.