March 18, 2020
Re: SEC Proposed Rule #S7-24-15
Securities and Exchange Commission,
Please know that leveraged and inverse funds are some of the best funds to come to the market in the recent years. Leveraged and inverse funds are very important to my investment strategy, investment goals and portfolio performance. These funds allow me to obtain enhanced performance and I am fully aware of the risks and factor that into my investment selection choices accordingly. I do not want a third party (SEC) evaluating my capability to choose these leveraged or inverse funds for my portfolios. I would like to be able to continue purchasing leverage and inverse funds on my own accord without additional government-imposed limitations on investor choice. There are plenty of funds available today such as sector funds, international funds, precious metals funds, micro-cap funds and special situation funds that are arguably more risky or just as risky as any leveraged or inverse fund on the market today. So where would the government oversite stop? Just leveraged or inverse funds? Seems to me that targeting leveraged or inverse funds is politically motivated and not designed to truly protect the investor. So please do not over regulate investor choice on just these two publicly traded investment products as they fill an important array of choices that are needed for all investors to enhance their portfolio performance without undue oversite from the SEC. Thank you for your consideration of my views on leveraged and inverse funds and the freedom to choose without SEC scrutiny.