April 17, 2020
I am against any regulation of a publicly-traded stock, whether ETF, leveraged or otherwise, which would limit any individual from purchasing and trading them. As an individual, I do not believe it is the governments right to "qualify" me to invest my own money, much less to require me to disclose personal information to you. This would be a dangerous precedent to set, as government encroachment is a huge problem already. As to leveraged funds, I am not sure how something like a 2x Index fund stock is any more risky than Google or Tesla stock, which is far more volatile and which general moves over the long-term at multiples far in excess of twice the market. And unlike an option, which can become worthless in a short period of time, for an Index fund, unless the stock market goes to $0, (in which case the SEC will be unnecessary anyway), the ETF will never be $0 and as a stock, there is no "expiration date" and you will never be required to sell it, so this alleged "protection" is unnecessary, intrusive, and has got to be in violation of citizen rights. I am opposed to SEC Proposed Rule #S7-24-15.