March 19, 2020
Dear Sir or Madam,
I would like to recommend to eliminate proposed rule #S7-24-15. If I know I can afford my investment and I purchase stocks and ETFs why should I be questioned about my income? I own gold and silver and do not wish to show this to anyone or tell where it is stored. The global debts increase and the printing of currency increases so I must preserve my wealth someway so inflation does not ruin me. I have inverse ETFs that increase with the decrease of stocks and if I am forced to sell then I will lose my position and my investment. There is no stopping the massive debt train wreck so we just need to wait for the collapse. I am not over leveraged and have a debt of under $3000 but my stocks and ETFs are worth about $20,000. I have enough money in the bank to pay for the debt but I should decide when to pay my debt and not a third party. If you are forced to sell your house because you do not have the money to pay off the house then you will lose a valuable investment that you have worked and paid for with much thought. This is the same with stocks. I worked for my money and planned my investment and now I must wait. The market can go up but it will have to collapse because of unpayable debt and low velocity of money that will decrease further with rising inflation. I hope you understand that investors need freedom so they can invest and have a chance to profit from something other than working or gambling on sports or using large investments for starting a business. Thank you for your time. Justin Moore