March 22, 2020
First, if the (#S7-24-15) proposal is adopted, some investors who could benefit from these funds could be prevented from buying them by an overly burdensome qualification process. I am one of those potential investors. I strongly believe this proposal is bad for investors, unnecessary and sets a dangerous precedent. Once again, the a government entity (the SEC here) believes that normal Americans are so incompetent that they don't try to understand what it is they are doing and need someone else to determine it for them. Leave this to the free market. Leave it to investor choice. We're tired of the regulations. We are capable people who can understand leveraged and inverse funds.